Mozambique

Jihadist attacks resume in Palma, threatening TotalEnergies’ gas project in Mozambique

A jihadist attack targeted Palma, a strategic area in northern Mozambique, marking a return of insecurity near TotalEnergies' suspended gas project since 2021.

Chevron appoints former TotalEnergies executive to lead African exploration

US-based Chevron appoints Kevin McLachlan, a veteran of TotalEnergies, as its global head of exploration, in a strategic move targeting Nigeria, Angola and Namibia.

Africa aims for local transformation to gain weight in the global energy economy

Opportunities are emerging for African countries to move from extraction to industrial manufacturing in energy technology value chains, as the 2025 G20 discussions highlight these issues.
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Exxon requests security guarantees for Mozambique gas project

Exxon is seeking direct support from the Mozambican government to secure its Rovuma LNG project, as Islamist violence continues to hinder investment in the country’s north.

TotalEnergies postpones Mozambique LNG gas project restart to 2029

TotalEnergies has set 2029 as the restart date for its Mozambique LNG project, frozen since 2021, delaying the exploitation of a strategic investment worth more than $20bn in liquefied natural gas.

European Union unlocks €545mn to modernise African power grids

Nine African countries will receive €545mn ($638mn) in European Union funding to support rural electrification and strengthen regional renewable energy infrastructure.
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Ignite Power joins the $270 million Pro Energia+ programme in Mozambique

The partnership with the World Bank-funded Pro Energia+ programme aims to expand electricity access in Mozambique by targeting rural communities through a results-based financing mechanism.

Sub-Saharan Africa LNG exports expected to triple by 2034

Liquefied natural gas exports in sub-Saharan Africa will reach 98 bcm by 2034, driven by Nigeria, Mozambique, and the entry of new regional producers.

South African court blocks TotalEnergies oil project off Cape coast

The South African judiciary has revoked TotalEnergies’ authorization to explore a 10,000 km² offshore block, forcing the group into a new procedure that includes a public consultation.
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Mozambique: TotalEnergies Faces Security Dilemma Before LNG Project Restart

Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.

Tanzania and Russia launch a $1.2bn uranium plant in Namtumbo

Tanzania, together with Russia, is starting construction of a uranium plant in Namtumbo for $1.2bn, aiming to boost mining revenues and secure a place in the global nuclear industry.

Mozambique seeks Russian companies’ participation in natural gas development

Mozambique aims to strengthen the presence of Russian companies in natural gas exploration and production as the country looks to diversify its partnerships in the natural resources sector.
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TotalEnergies in Mozambique: $4.7 bn US loan challenged in court by NGO

TotalEnergies’ Mozambique LNG gas project is at the centre of a legal challenge in Washington, following the approval of a $4.7 bn loan by the US Exim Bank, amid security concerns and opposition from civil society groups.

Technip Energies signs major contract for floating natural gas unit in Africa

Technip Energies has secured a contract to lead preparatory works for a floating liquefied natural gas unit in Africa, confirming its presence in the international gas infrastructure market.

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
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TotalEnergies plans to restart its Mozambique gas project by summer 2025

After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.

South Africa Seeks US Support to Exploit Shale Gas Reserves

South Africa aims to revive the exploitation of its shale gas reserves by seeking technological and commercial support from the United States, proposing a major purchasing agreement for American liquefied natural gas.

TotalEnergies maintains its strategy despite economic pressures and activism

Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
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The European Union plans to ban all Russian gas imports by the end of 2027

Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.

Eni finalises contract for second FLNG unit at Rovuma worth $2.5bn

Eni is set to award a $2.5bn contract for a new floating LNG unit off Mozambique, aiming to intensify the development of the Coral North gas field.

Investigation opened against TotalEnergies for its role in the Palma attack

A preliminary investigation into manslaughter and failure to assist a person in danger has been opened against TotalEnergies, following a complaint lodged by survivors and families of victims of the attack in Palma, Mozambique, in March 2021.

Galp Energia: Sharp rise in first-quarter profits

Galp Energia announces a 35% increase in first-quarter 2024 earnings, building on the momentum of record profits in 2023.

Galp Energia takes off on the stock market after a discovery in Namibia

Galp Energia experiences a spectacular rise on the stock market following the announcement of a major oil discovery in Namibia.
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Africa’s energy transition: Gas takes over from oil

Africa, historically known for its oil resources, is now turning its energy sector towards natural gas.

Eni successfully unloads the first LNG cargo ship in Piombino

Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.

Japan pledges to help Mozambique fight “terrorism

Japanese Prime Minister pledges to help Mozambique against jihadist insurgency and promises financial assistance to fight terrorism. Japan, the world's largest importer of liquefied natural gas, is looking to deepen its relationship with Maputo, particularly in the energy sector.
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Mozambique: TotalEnergies’ CEO says restarting gas project is “premature

The resumption of TotalEnergies' gas project in Mozambique is considered premature by its CEO, due to disagreements over the costs associated with the restart. The project had been suspended since 2021 following a jihadist attack.

Mozambique: TotalEnergies can resume its gas project, says head of state

Mozambique's president has given the green light for TotalEnergies to resume its natural gas project, which has been suspended since 2021 following a jihadist attack. However, TotalEnergies is cautious about resuming its operations.

Mozambique: a subcontractor prepares to take over Total’s gas project

The Italian subcontractor Saipem, in charge of the development of the gas project in northern Mozambique for TotalEnergies, expects a possible resumption of operations as early as July despite the jihadist violence that has hit the region.
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Coral-Sul inaugurated in Mozambique

Coral-Sul was inaugurated under the authority of the President of Mozambique, Filipe Jacinto Nyusi.

Coral South: first LNG cargo

Coral South has just exported its first cargo of liquefied natural gas valued at $8 billion, ExxonMobil announced.

Africa: EDP’s A2E Fund finances 9 projects

In Africa, on the sidelines of the COP27 in Sharm el-Sheikh, Egypt, 9 projects will be financed by EDP.
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Energy crisis: first exports of liquefied natural gas from Mozambique

Mozambique has officially started exporting liquefied natural gas (LNG), against the backdrop of the energy crisis in Europe.

Africa, The Natural Resources Challenge

In Africa, sustained investment is needed to increase energy access and economic growth on the continent.

The African Development Bank finances renewable energy

The African Development Bank is giving a grant to the Mozambican government to develop renewable energy.
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Italy pleads for a Price Cap

As the energy crisis continues, gas prices are soaring. To deal with this, Italy is calling for a cap on gas prices. Several states, such as Portugal and Belgium, support such a measure.