SUBSCRIBE
PROFILE

Zimbabwe: towards a new energy era with gas from Cabora Bassa

Invictus Energy boosts Zimbabwe's economy with a major gas discovery, promising a renewed energy future.

Share:

La découverte gazière de Cabora Bassa par Invictus Energy catalyse de nouveaux développements énergétiques, stimulant l'économie du Zimbabwe.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

In December 2023, Invictus Energy marked a major milestone with the discovery of a substantial gas reserve via the Mukuyu-2 well in the Cabora Bassa project in Zimbabwe, following the search for oil reserves. This announcement promises to transform the regional energy landscape by harnessing this deposit to support local initiatives such as powering the Eureka gold mine.

Strategic partnerships and development

Invictus Energy has signed an agreement with Himoinsa Southern Africa and Dallaglio Investments Pvt Ltd for the construction of a 12 MW power plant. This facility, fuelled by gas from Cabora Bassa, will supply electricity via the national grid to boost operations at the Eureka mine, located just 50 km from the gas site.

Economic impact and future expansion

The project is not limited to the current plant; a feasibility study is underway to expand capacity to 50 MW. This development could not only meet the energy needs of private customers, but also contribute to the Southern African power pool, reinforcing regional integration and energy stability in addition to the major green hydrogen project led by Zimbabwe.

Long-term vision and ambitions

Scott Macmillan, CEO of Invictus Energy, sees this initiative as an ideal pilot project for early production and revenue generation. With around 20 Tcf of gas and 845 million barrels of potential oil, the Cabora Bassa project is positioned as a major catalyst for economic growth and sustainable development in the region.
Invictus Energy’s discovery and exploitation of Cabora Bassa gas could revolutionize the energy and economic supply of Zimbabwe and southern Africa, marking a decisive step towards energy independence and sustainable development.

  • Popular on energynews.pro
Vena Energy launches 408 MWh storage system in South Australia
Mitsubishi HC Capital Energy and Ecokaku to build 10 MW of non-FIT solar per year
Small modular reactor market to reach 912.5 MW by 2030
NextEra Energy raises outlook driven by AI data centre demand
Oil stabilises below $63 as markets watch Ukraine talks
Falcon completes SS2-1H well stimulation programme in the Beetaloo
Falcon Oil & Gas and its partner Tamboran have completed stimulation of the SS2-1H horizontal well in the Beetaloo Sub-basin, a key step ahead of initial production tests expected in early 2026.
Gasunie awards €2.5bn in contracts for new gas pipelines in Europe
Gasunie Netherlands and Gasunie Germany have selected six industrial suppliers under a European tender to supply pipelines for future natural gas, hydrogen and CO₂ networks.
Sanctions and tariffs on Russian gas reshape LNG contracts and trigger litigation
The ban on Russian liquefied natural gas requires a legal re-evaluation of LNG contracts, where force majeure, change-in-law and logistical restrictions are now major sources of disputes and contractual repricing.
The United States reduces state power over interstate gas pipelines
The US House adopts a reform that weakens state veto power over gas pipeline projects by strengthening the federal role of FERC and accelerating environmental permitting.
Morocco sets 2027 for its first LNG terminal at Nador West Med
Morocco plans to commission its first liquefied natural gas terminal in Nador by 2027, built around a floating unit designed to strengthen national import capacity.
Explosion on a strategic gas pipeline in Nigeria halts gas supply
An explosion on December 10 on the Escravos–Lagos pipeline forced NNPC to suspend operations, disrupting a crucial network supplying gas to power stations in southwestern Nigeria.
Ashgabat brings together Russia, Turkey and Iran around new regional gas partnerships
At an international forum, Turkmenistan hosted several regional leaders to discuss commercial cooperation, with a strong focus on gas and alternative export corridors.
Australia opens five new offshore blocks to secure gas supply
The Australian government has launched the opening of five offshore gas exploration blocks in the Otway Basin, highlighting a clear priority for southeast supply security amid risks of shortages by 2028, despite an ambitious official climate policy.
BlackRock sells 7% stake in Naturgy for €1.7bn
BlackRock sold 7.1% of Spanish company Naturgy for €1.7bn ($1.99bn) through an accelerated bookbuild managed by JPMorgan, reducing its stake to 11.42%.
Sound Energy launches gas production at Tendrara after six-month delay
The British company begins the initial production phase of Morocco's Tendrara gas field, activating a ten-year contract with Afriquia Gaz amid phased technical investments.
United States: winter cold drives up natural gas price forecasts
The Energy Information Administration revises its gas price estimates upward for late 2025 and early 2026, in response to strong consumption linked to a December cold snap.
Venture Global rejects Shell’s fraud allegations in LNG arbitration dispute
Venture Global denies Shell’s claims of fraud in an LNG cargo arbitration and accuses the oil major of breaching arbitration confidentiality.
China receives first Russian LNG shipment via sanctioned Beihai terminal
The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.
Hungary hosts TurkStream headquarters after asset freeze in the Netherlands
South Stream Transport B.V., operator of the offshore section of the TurkStream pipeline, has moved its headquarters from Rotterdam to Budapest to protect itself from further legal seizures amid ongoing sanctions and disputes linked to Ukraine.
Panama Canal sidelined as US LNG flows shift decisively toward Europe
US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.
IOC seeks spot LNG cargo for Dahej as Russian sanctions tighten
Indian Oil Corporation has issued a tender for a spot LNG cargo to be delivered in January 2026 to Dahej, as Asian demand weakens and Western restrictions on Russian gas intensify.
McDermott secures EPCIC contract for gas project offshore Brunei
McDermott has secured a major engineering, procurement, construction, installation and commissioning contract for a strategic subsea gas development offshore Brunei, strengthening its presence in the Asia-Pacific region.
Fluor and JGC deliver second LNG Canada unit in Kitimat
The partnership between Fluor and JGC has handed over LNG Canada's second liquefaction unit, completing the first phase of the major gas project on Canada’s west coast.
NOG acquires 49% stake in Utica gas assets for $588mn with Infinity
Northern Oil and Gas and Infinity Natural Resources invest $1.2bn to acquire Utica gas and infrastructure assets in Ohio, strengthening NOG’s gas profile through vertical integration and high growth potential.
Sanctioned Russian LNG vessel delivers to China’s Beihai port
China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.