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
US nuclear regulator recommends construction permit for Kemmerer Unit 1
NextStar Energy starts energy storage battery production in Windsor this November
GCL signs two 100 MW solar projects with PLN IP in Indonesia
Eni and PETRONAS Create an ASEAN Upstream NewCo, $15B in Investments
Oman LNG renews its two-decade industrial partnership with Baker Hughes
QatarEnergy awards EPC contract for 4.1 MTPA CCS project
QatarEnergy has awarded Samsung C&T Corporation an EPC contract for a 4.1 MTPA carbon capture project, supporting its expansion into low-carbon energy at Ras Laffan.
EU bans Russian LNG, Arctic bottlenecks and clauses under strain
The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —
Poland: Orlen Consolidates Gas, Targets Regional Hub Without Liberalization
Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.
SLB OneSubsea secures two EPC contracts for deepwater projects in Malaysia
SLB OneSubsea has signed two EPC contracts with PTTEP to equip multiple deepwater gas and oil fields offshore Malaysia, extending a two-decade collaboration between the companies.
CPV secures $1.1bn funding for 1,350 MW gas-fired power plant in Texas
US-based CPV will build a 1,350 MW combined-cycle natural gas power plant in the Permian Basin with a $1.1bn loan from the Texas Energy Fund.
Appalachia ramps up production: TETCO M2 basis firms, MVP advances
Producers bring volumes back after targeted reductions, taking advantage of a less discounted basis, expanding outbound capacity and rising seasonal demand, while liquefied natural gas (LNG) exports absorb surplus and support regional differentials.
Matador secures transport for 500,000 MMBtu/d of natural gas to the Gulf Coast
Matador Resources signs multiple strategic transportation agreements to reduce exposure to the Waha Hub and access Gulf Coast and California markets.
Boardwalk launches key phase of its Texas Gateway gas project at 1.45mn Dth/d
Boardwalk Pipelines initiates a subscription campaign for its Texas Gateway project, aiming to transport 1.45mn Dth/d of natural gas to Louisiana in response to growing energy sector demand along the Gulf Coast.
Global X launches natural gas ETF to capture US export growth
US-based asset manager Global X has unveiled a new index fund focused on the natural gas value chain, capitalising on the growing momentum of liquified natural gas exports.
Amplify Energy sells Texas assets for $127.5mn to reduce debt
US producer Amplify Energy has announced the full sale of its East Texas interests for a total of $127.5mn, aiming to simplify its portfolio and strengthen its financial structure.
Maple Creek accelerates 640 MW gas project with GE Vernova turbine
Maple Creek Energy has secured the purchase of a GE Vernova 7HA.03 turbine for its gas-fired power plant project in Indiana, shortening construction timelines with commercial operation targeted for 2029.
Talen Energy completes $2.69bn bond financing for two gas-fired power plants
Talen Energy has finalised a $2.69bn bond financing to support the purchase of two natural gas-fired power plants with a combined capacity of nearly 2,900 MW.
Excelerate Energy to build Iraq’s first floating LNG terminal in $450 mn deal
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop a floating liquefied natural gas import terminal at Khor Al Zubair, with a projected investment of $450 mn.
Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure
Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —
LNG wave: 300 bcm by 2030, prices and contracts pivot according to the IEA
A record expansion of liquefied natural gas (LNG, gaz naturel liquéfié — GNL) capacity is reshaping global supply, with expected effects on prices, contractual flexibility and demand trajectories in importing regions.
Philippines freeze LNG terminal projects despite rising demand
The Philippine government is suspending the expansion of LNG regasification infrastructure, citing excess capacity and prioritising public investment in other regions of the country.
Venezuela freezes gas cooperation with Trinidad over pro-U.S. political alignment
Caracas suspended its energy agreements with Trinidad and Tobago, citing a conflict of interest linked to the foreign policy of the new Trinidadian government, jeopardising several major cross-border gas projects.
TotalEnergies requests ten more years and $4.5 billion for its Mozambique project
TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.
Italian court approves extradition of Ukrainian suspect in Nord Stream case
An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.
QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni
QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.

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.