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Mozambique
15 May 2019
Total to gain Mozambique LNG through Anadarko deal
A new operator is expected to take control of one of Mozambique’s biggest gas projects, after the board of Anadarko Petroleum decided to accept a takeover bid of US$56 billion from Occidental Petroleum.
15 April 2019
Renewed attacks in Cabo Delgado
Recent attacks in northern Mozambique suggest that the capture and prosecution of alleged militants in the region last year has failed to solve the problem. Workers related to the emerging liquefied natural gas [LNG] industry have been attacked for the first time and foreign investors are concerned about the violence, while human rights NGOs are worried about the tactics they have employed.
02 April 2019
Mozambique’s window on the world
While new coal and LNG port terminals in the northern half of Mozambique attract most international attention, the port of Maputo continues to grow rapidly. The more northerly projects are designed to handle domestic exports but, in contrast, Maputo has managed to regain its historic role as an important entrepôt for South African trade.
13 March 2019
Profile: Carlos Mesquita, Mozambique’s transport minister
Through a vast network of family-owned companies, Mozambique´s Transport and Communications minister Carlos Mesquita is one of the sector´s key players, and an influential figure in the ruling party, Frelimo, despite his detractors.
07 February 2019
Mozambique unlikely to repay US$2 billion to Credit Suisse and VTB Bank
The government of Mozambique, heavily in debt, is increasingly unlikely to repay a debt of US$2 billion to Credit Suisse contracted by a former Finance Minister who is being detained in South Africa.
10 January 2019
Mozambique looks for LNG financing despite market scepticism
In recent weeks, the government of Mozambique has been involved in intense negotiations with seven countries to secure funding for one of its largest natural gas projects and overcome scepticism about whether it will honour its debt commitments.
27 November 2018
Liquefied success for Maputo
After years of delay and deliberation, Mozambique’s liquefied natural gas (LNG) industry finally looks set to take off. Consortia led by Anadarko and Eni are investing tens of billions of US dollars in liquefaction, while the involvement of China National Oil and Gas Exploration and Development Corporation (CNODC) and China National Petroleum Company (CNPC) highlights the fact that China will be one of the main customers.
15 November 2018
Mozambique to invest US$290 million in Beira port
The government of Mozambique has approved additional investment of US$290 million in the port of Beira, to increase its cargo handling capacity.
13 November 2018
First steps on a long road for Maputo
The government of Mozambique has agreed a repayment plan with most of its creditors on its defaulted $727 million Eurobond and is also holding talks with the IMF over macro-economic reform.
30 October 2018
African fallout from Lava Jacto
The wide ranging corruption scandal tore the Brazilian political and business community asunder and its effects will be felt for many years to come. The fallout from the crisis has been felt in many other parts of the world, not least in the African Lusophone states.
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