2022-08-31 11:10:00
MOZAMBIQUE LNG LATER
BLOOMBERG - Aug 29, 2022 - Mozambique will have to wait a little longer to join the ranks of the world’s liquefied natural gas exporters, after a vessel that was destined for its first offshore production platform changed course at the weekend and sailed away.
Energy buyers in Europe have been eagerly anticipating production from Eni SpA’s project in Mozambique’s northern waters to help ease the global gas shortage ahead of the crucial winter heating season. Europe is accelerating efforts to replace Russian gas with LNG, sending spot prices for the fuel surging around the world.
BP Plc operates the British Mentor and has the rights to buy all of Coral-Sul’s output, which is planned at 3.4 million tons per year. The project is scheduled to start producing in September or October, Mozambique’s oil and gas regulator said in February. Eni and the Instituto Nacional de Petroleo, Mozambique’s regulator, didn’t immediately respond to requests for comment. BP declined to comment.
Commissioning activities at Coral-Sul are progressing and Eni will communicate the first exports in due course, the company said in a statement Aug. 19.
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Earlier:
2021, November, 18, 12:55:00
MOZAMBIQUE LNG START
Area 4 is operated by Mozambique Rovuma Venture (MRV), an incorporated joint venture owned by Eni, ExxonMobil and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract.
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2021, November, 10, 11:40:00
MOZAMBIQUE LNG IS BETTER
In April, TotalEnergies declared force majeure on the Mozambique LNG project and removed all of its staff from the site, after Islamist militants attacked the nearby town of Palma in late March, killing dozens.
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2021, May, 5, 16:25:00
MOZAMBIQUE LNG DELAYS
Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of Mozambique LNG project, to declare force majeure.
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