East Africa ///

Mozambique to establish sovereign wealth fund to govern gas revenue

Mozambique’s government plans to establish a sovereign wealth fund to manage income from future gas production, President Filipe Nyusi said.

Anadarko sticks to Mozambique timeline as state boosts security

Anadarko Petroleum Corp. said it’s sticking to a plan to decide on a $20-billion gas development in Mozambique by the end of June, after the government boosted security following attacks last month near the project site.

Anadarko Mozambique attacked for first time amid insurgency

Unidentified gunmen attacked an Anadarko Petroleum convoy near its liquefied natural gas project in northern Mozambique, the first targeting an energy company since an insurgency by suspected Islamist militants began 16 months ago.

Anadarko has made an LNG sale and puchase agreement with Tokyo Gas and Centrica

Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Tokyo Gas Co., Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 MMtpa from the start-up of production until the early 2040s.

Why a Libyan oilfield grab could be a boon or bane for exports

Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities.

ExxonMobil, CNPC, Empresa, Kogas and Galp secure offtake commitments for the Rovuma LNG project

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

Exxon in `bull's-eye' as worst year since Reagan nears end

Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.

South Sudan sees $2 billion oil investments as first start

Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said.