First Independent Mena Newspaper
South Korea’s Samsung Heavy Industries (SHI) has signed a landmark $637 million deal to build a floating liquefied natural gas (FLNG) facility for a European client operating in Mozambique, reinforcing Africa’s rising profile in global energy markets. The state-of-the-art Coral Norte FLNG platform, to be constructed offshore, will liquefy, store, and export natural gas directly […]
The Trump administration has launched a bold new strategy to reshape U.S.-Africa relations, shifting focus from aid to aggressive commercial engagement. Announced in Abidjan on 14 May, the U.S. Commercial Diplomacy Strategy repositions diplomacy to prioritize trade, private investment, and strategic deal-making, aiming to counter China’s dominant economic presence across the continent. “From Washington we […]
Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]
Italian oil and gas major Eni started drilling new exploration well off the coast of Mozambique, while the country’s authorities have green-lighted the resumption of the $20 billion Cabo Delgado gas project, in which TotalEnergies owns an operating stake of 26.5%, The Italian oil and gas giant Eni is drilling its first exploration well in […]
Independent Perenco has announced the investment of $1 billion for construction of a Liquefied Natural Gas unit in Gabon. The company-based in London said it presented the plan for the unit to the Minister of Oil and Gas, and the subsequent technical approval by the Gabonese authorities in December 2022. The unit will be located […]
This year’s African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of historically low success rates in bringing projects into fruition. The vast networking event brings together African entrepreneurs, decision-makers, bankers. In 72 hours, the African Development Bank (AfDB) and its partners […]
Mozambique expects to make its first export of liquefied natural gas (LNG) to Europe at the end of this month or early November from the Coral Sul floating platform, operated by Italy’s Eni. The information was given to Reuters by the National Petroleum Institute (INP) last week, at a time when Europe is facing a […]
A new liquefied natural gas project near Senegal and Mauritania’s coastlines may only be 80% complete, but the prospect of a new energy supplier has already drawn visits from several European leaders, scrambling to secure alternative sources after Moscow has reduced natural gas flows to EU countries. While Africa’s natural gas reserves are vast and […]
Namibia and Equatorial Guinea are looking to strengthen energy ties and specifically focusing on LNG development and knowledge-sharing opportunities. A high-level delegation led by Namibia’s Minister of Mines and Energy, Tom Alweendo, visited regional gas leader, Equatorial Guinea, earlier this week aimed at strengthening energy ties and expanding dialogue between the two nations. A series […]
The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]