President Nyusi wants accelerated development in Cabo Delgado

The President of Mozambique, Filipe Nyusi, has challenged the newly appointed governor of Cabo Delgado, Júlio Parruque, to be a catalyst for the development of the northern province. Cabo Delgado has economic potential, as well as cultural, tourist and historical wealth, the president said. These characteristics attract large investment projects, especially in natural resources, which…

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Anadarko sets aside $150 million for future LNG Park in 2018

Woodlands-based Anadarko said that approximately $150 million is expected to be invested in the Mozambique LNG project in 2018. The investment in the project is a part of Anadarko’s expected capital investment in the range of $4.2 to $4.6 billion for the year 2018. This investment will primarily be used to fund Anadarko’s portion of the…

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ENI approved the entry into Area Four of ExxonMobil

The Italian energy company ENI, and its partners in the natural gas project in Area Four of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, on Tuesday, at a ceremony in Maputo, formally approved the entry into Area Four of the United states oil and gas giant, ExxonMobil. In…

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Resettlement at Afungi

On November 6, 2017, a moratorium on the resettlement in Afungi was signed. Afungi is the area for the construction of the liquefaction plant (LNG) for natural gas and all the necessary infrastructure for it. The Moratorium is used to distinguish individuals and households that are eligible for compensation and resettlement assistance from those who…

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