Mining & Energy
Six new records set by LNG industry in 2019, IHS Markit data shows
Galp's chief executive Carlos Gomes da Silva (in file CoM)
In an interview with the Financial Times (London), Galp’s chief executive Carlos Gomes da Silva said that “the next decade will be Mozambique’s decade” in the world market for natural gas.
Silva believes that Mozambique will satisfy burgeoning demand in the international gas market that cannot be satisfied by existing producers, but admitted it would be necessary to prevent the cost of producing gas from rising precipitately, as was the case with similar projects in Australia.
“We are working to optimize this and make sure we keep the project competitive,” he said. Galp holds 10 percent of the Coral Sul project in Cabo Delgado province, and forms part of the consortium led by Eni, which includes the Portuguese oil company Galp, alongside South Korea’s Korea Gas and the Mozambican company Empresa Nacional de Hidrocarbonetos (ENH), and is to invest a total of US$8 billion.
The consortium’s priority is to ensure low operating costs, rather than pursuing a timetable at any cost, and estimates that actual production of liquefied natural gas in Mozambique will start in 2022.Source: Folha de Maputo
Mozambique/Malawi transmission line goes to tender by March 2020
Mozambique: Nyusi urged to declare state of emergency - AIM report
Analysis: State of emergency to prevent spread of Covid-19 will be a privilege for ...