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.

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

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.

Finnish President Alexander Stubb denounced fossil fuel imports from Russia by Hungary and Slovakia as the EU prepares its 19th sanctions package against Moscow.
Japanese giant JERA has signed a letter of intent to purchase one million tonnes of LNG per year from Alaska, as part of a strategic energy agreement with the United States.
US-based Chevron has submitted a bid with HelleniQ Energy to explore four offshore blocks south of Crete, marking a new strategic step in gas exploration in the Eastern Mediterranean.
GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
US producer EQT has secured a twenty-year liquefied natural gas supply contract with Commonwealth LNG, tied to a Gulf Coast terminal under development.
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
Monkey Island LNG adopts ConocoPhillips' Optimized Cascade® process for its 26 MTPA terminal in Louisiana, establishing a technology partnership focused on operational efficiency and competitive gas export pricing.
NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
Enbridge announces the implementation of two major natural gas transmission projects aimed at strengthening regional supply and supporting the LNG market.
Commonwealth LNG’s Louisiana liquefied natural gas project clears a decisive regulatory step with final approval from the U.S. Department of Energy for exports to non-free trade agreement countries.
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.

Log in to read this article

You'll also have access to a selection of our best content.