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Mozambique
12 June 2020

Eni and Korea Gas Extend “Successful” Cooperation in Mozambique
Italian Energy Group Eni and Korea Gas Corporation signed a Memorandum of Understanding (MoU) to enlarge existing cooperation, after their "successful" joint-venture in LNG development in Mozambique.
11 June 2020

Mozambique Graphite Exports to China Drop Sharply
Mozambique graphite exports to China have dropped sharply, forcing Chinese authorities to look for alternative supplies in Inner Mongolia.
09 June 2020

Mozambique LNG Projects Set to “Attract Major Commercial Interest” – EIU
Mozambique´s liquefied natural gas (LNG) sector is set to "attract major commercial interest", according to the Economist Intelligence Unit (EIU).
09 June 2020

China Delays Debt Repayments for 77 Low-Income Countries
The Chinese government said it has agreed to delay debt repayments for low-income countries, as part of the Group of 20 nations debt relief program.
07 June 2020

China is Mozambique´s Main Creditor
Nearly 40 per cent of Mozambique´s debt is owed to China, according to the most recent data from the Mozambican Ministry of Economy and Finance (MEF).
31 May 2020

China´s Trade With Brazil, Cabo Verde and Timor Leste Resists Pandemic
Chinese trade with Brazil resisted the Covid-19 pandemic in the first quarter of the year and even rose in the cases of Cabo Verde and Timor Leste. However, exchanges with the remaining Portuguese-Speaking Countries (PSC) did not resist the pandemic.
27 May 2020

Samsung Heavy Industry Moves Ahead with LNG Platform for Mozambique
Samsung Heavy Industry is moving ahead in South Korea with the construction of a floating platform (FLNG) for the Area 4 joint-venture, led by Eni and which include´s China National Oil and Gas Exploration and Development Company, a subsidiary of CNPC. In spite of the current restrictions due to the Covid-19 pandemic, delivery is still scheduled for 2022.
21 May 2020

Project Supported by China to Bring Digital Satellite TV to 20,000 families in Mozambique
The Government of Mozambique announced the conclusion of a project to bring digital satellite television signal to 1,000 villages in the in the northern province of Cabo Delgado, which is estimated to benefit over 20,000 families.  Covering all the ten provinces and the capital city of Mozambique, the project was co-funded by China and implemented by the Chinese electronics and media company StarTimes.
19 May 2020

Africa´s Debt Load Forces Negotiations, With China at the Center
China is Africa’s largest bilateral creditor, having given these countries estimated loans worth $152 billion between 2000 and 2018. With the economic crisis in countries like Angola or Mozambique generating debt repayment difficulties, negotiations are underway, with the engagement of China and private lenders.
17 May 2020

US pushes China aside to finance Mozambique natural gas project
The Export-Import Bank of the United States (EXIM) will finance both the onshore and offshore facilities of an integrated liquefied natural gas (LNG) project located on the Afungi Peninsula in northern Mozambique, adding USD 1.8 billion to USD 5 billion previously pledged. The additional financing aims to push China and Russia financing aside, and generate business for US companies.
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