Rovuma basin bids-Petropipe

Mozambique shows off Rovuma’s £42bn investment in a bid to attract North Sea suppliers

by with No Comment News

Natalia Camba, local content manager from the country’s National Petroleum Institute, was speaking at the opening of Subsea Expo about a trio of projects off the country’s coast which have attracted a combined $54bn of investment (£42bn).

Mozambique’s oil and gas sector remains in its “infancy”, with hopes to attract UK expertise to further develop the industry.

Ms Camba said there are “opportunities everywhere” for suppliers, with the Rovuma Basin so far being assessed to have 165 trillion cubic feet of gas in place.

The region has two projects already in development: the $8bn Coral field which is due to begin production in 2022 and the $23bn Golfinho/ Atum field.

Meanwhile the third, the $23.6bn Rovuma LNG project, is due for final approval in the first quarter of this year and will produce 15 million tonnes of liquefied natural gas per year.

Source:http://bit.ly/2uGf8vR

Daewoo Project Petropipe

Daewoo awarded $500m LNG train contract in Mozambique

by with No Comment News

In the latest development confirming the size and scope of liquid natural gas (LNG) production in Mozambique’s Cabo Delgado province, Daewoo Engineering & Construction has received a $500-million contract to build two trains at the Afungi liquefaction site in Palma.

Although the contract is conditional, Daewoo E&C said it could exceed the initial investment of $500 million.

Once completed, the trains are expected to be capable of transporting 6.4 million tonnes of gas from Mozambique’s LNG fields in the Rovuma basin.

The contract was awarded following the finalisation of a joint venture named CSS, struck between Japanese engineering company, Chiyoda, Panamanian peer firm Mcdermott International, and Italian oilfield services company, Saipem.

LNG exports from Mozambique’s gas fields in the country’s far north-west are expected to come on line in 2024.

The coastal hamlet of Palma, where Total’s liquid natural gas project is situated, is also the site where South African émigré and entrepreneur Andre Hanekom had infrastructural interests serving his fishing company, Palma Marine.

Hanekom died after much cloak-and-dagger wrangling, particularly by Mozambican authorities. He was accused of aiding and abetting vicious rebel attacks that were said to have been launched from southern Tanzania into Mozambique.

However, these accusations of colluding with insurrectionist forces were never proven.

Inside sources believe his demise, leading to his death in a prison hospital, was devised by interests who wanted him dislodged from what has become the most lucrative resource exploration site in modern times. 

Source:- https://ftwonline.co.za/