John Gilley

Mozambique Launches $7.2 Billion Coral Norte LNG Megaproject Construction begins next month as President Chapo announces massive natural gas development in Rovuma Basin Mozambique will officially launch its ambitious $7.2 billion Coral Norte natural gas project next month, President Daniel Chapo announced during a high-level energy meeting in New York. The massive undertaking, led by Italian energy giant Eni, represents the country's second floating liquefied natural gas (FLNG) facility and underscores Mozambique's determination to cement its position as a major global LNG exporter. Construction is scheduled to commence in October 2025 in the Rovuma Basin's Area 4, with the facility designed to produce 3.55 million metric tonnes of LNG annually over the next three decades. The development builds on the success of Coral Sul, Mozambique's first FLNG platform that began exports in 2022, and will extract gas from the same reservoir estimated to contain 450-500 billion cubic metres of natural gas reserves. The state-of-the-art facility will be supplied by six subsea wells and is expected to start production in the second quarter of 2028. This timeline positions Mozambique to significantly boost its LNG export capacity just as global demand for cleaner energy sources continues to surge. While offshore LNG projects like Coral Norte are advancing rapidly, the country's onshore ambitions face ongoing challenges. TotalEnergies' $20 billion Golfinho and Atum project in Area 1 remains suspended under force majeure due to persistent militant activity in the Afungi Peninsula, highlighting the security hurdles that continue to plague certain regions. The launch of Coral Norte demonstrates Mozambique's ability to navigate complex geopolitical and security challenges while maintaining momentum in its energy sector development. For international energy markets, the project represents a crucial addition to global LNG supply chains at a time when energy security remains a top priority for importing nations.

١٣٠

٥ تعليق

Approximately 60% of the companies located in Beluluane Industrial Park no longer provide services to Mozal, Africa’s largest aluminium smelter, currently at an impasse with the government over the price of electricity, a key raw material for its operations. #Mozambique #Moçambique #Business #Economy #Mozal #MozParks #BeluluaneIndustrialPark #EconomyNews #EconomyToday #MozambiqueNews ASEZA - African Sustainable Economic Zone Alliance Onorio Manuel MozParks https://lnkd.in/dXYuD6VS

٨٠

١٠ تعليق

Japan’s MODEC and Africa Finance Corporation are teaming up on projects relating to floating production, storage, and offloading (#FPSO) units and other #maritime infrastructure projects in #Africa. Read more: https://buff.ly/4PUPzts #energynews #fossilenergy #oilgas #offshoreenergy #oilandgas #oilandgasnews #energysecurity #MODEC #AFC 📷 FPSO Léopold Sédar Senghor; Source: Woodside Energy

٤٤

١ تعليق واحد

🧰 Gas Safety Week 2025: Championing Safety, Compliance and Resilience Across the Globe #GasSafetyWeek #HardServices #FacilitiesManagement #EngineeringExcellence This Gas Safety Week (https://lnkd.in/dabnKGR), OCS is proud to stand alongside the Gas Safe Register in raising awareness of the crucial role gas safety plays in protecting people, property, and public services. Our dedicated and skilled mobile engineering teams are on the ground every day, delivering specialist hard services across the UK. From heating and boiler systems to complete gas infrastructure, we ensure buildings remain safe, compliant, and operational through expert Planned and Preventive Maintenance (PPM). We support a wide range of complex estates — from local authorities to national institutions — maintaining critical infrastructure in environments where safety, reliability and compliance are non-negotiable. How are we driving safety and resilience? 🔍 AI-powered diagnostics and asset tracking 🗓️ Smart scheduling and remote monitoring 📋 Digital compliance tools for real-time visibility 🛠️ Engineers equipped with the latest technology and training Remember ➡️ PREDICT, CHECK, PREVENT, PROTECT 👉 Learn more: https://lnkd.in/eryUNuwj

٣٦

Sonangol Confirms 30% IPO Plan to Boost Oil and Gas Expansion Angola’s Sonangol to Launch 30% IPO to Fund Exploration and Strengthen Energy Sector Angola’s state-owned oil giant Sonangol has reaffirmed its commitment to proceed with an Initial Public Offering (IPO) that will make 30% of its shares available to investors. The move is aimed at raising capital to advance exploration and production projects, as part of broader government efforts to transform Sonangol into a more competitive upstream player. Initially scheduled for 2022, the IPO process Read More Here https://lnkd.in/deCxuV3z

٣٥

١ تعليق واحد

💡“What sets us apart is our operating model and our approach to local delivery.” Ed Jones, Head of Business Development for our Asset Solutions business, spotlights a key geography in our portfolio and shares some insights on how Petrofac is supporting West Africa’s energy future. Read more here👉🏻 https://ow.ly/KHsp50WLoT2+

١٦٠

٦ تعليق

BW Energy Eyes Azule Enegy’s Share in Block Offshore Angola. (Oedigital)- BW Energy has started a process to potentially acquire Azule Energy’s non-operated interests in Block 14/14K, offshore Angola. According to BW Energy, the move is part of its continuous consideration of opportunities to acquire assets in line with its stated strategy. So far, no binding agreement has been reached, and there can be no assurance that the process will result in a transaction, the company said. Azule Energy, a 50-50 joint venture between BP and Eni, holds 20% non-operated share in block 14, and 10% interest in block 14K. The block 14/14K is operated by Cabinda Gulf Oil Company Limited - Chevron. The block is located approximately 100 km offshore from Cabinda in Angola and covers around 4,094 km2. First oil was achieved in 1999 and continues to have significant output of medium light crude oil.

٢٧

٢ تعليق