Mozambique pledges to establish sovereign fund like Norway’s from LNG projects to lift nation from poverty
Mozambique, the newest liquefied natural gas exporter, has voted for the creation of a Sovereign Wealth Fund similar to that in oil and gas producing nation Norway to make sure the Mozambican people benefit from current and future LNG expansions led by major international energy companies.
US investor and Cove Point LNG stake owner Warren Buffet buys more shares in Occidental Petroleum
Warren Buffett, one of America’s most followed investors, has taken his stake in Occidental Petroleum to more than 19 percent, in a varied portfolio of energy shares and stakes acquired by the man known as the “Oracle of Omaha”.
LNG equipment and gasification firm Air Products posts sales of $3Bln amid Middle East mega-projects
Air Products, the LNG equipment-maker now branching out with mega-projects in the Middle East and with a growing gasification business in China, reported fiscal first-quarter sales of $3 billion and higher net income.
French major Total makes progress on LNG with Mozambique assets and Nigeria expansion
French energy major Total will make a final investment decision on the Nigeria liquefied natural gas expansion project to build a seventh Train by the end of the year and said that its acquisition of Mozambique LNG assets fits well into its growth strategy.
Mozambique to enter LNG trading in venture with commodities firm Vitol based in Singapore
Vitol, the global commodities company, has set up a joint venture with the National Hydrocarbons Company of Mozambique (ENH) to market liquefied natural gas from the stakes held by the Mozambicans in the various LNG projects under development in the country.
