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Sales of natural gas by Mozambique in the first nine months of 2023 totalled $1.177 billion (€1.059 billion) , more than double those in the whole of 2022, and approaching those of coal, which continues to be the country’s main export product. According to a detailed report by the Bank of Mozambiqu...
French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday. Work on the project has been halted since 2021 when a violent insurgency led by Islamic State-linke...
Mozambique’s $80 billion energy transition strategy will harness its offshore natural gas reserves in a diverse energy mix that will also exploit its abundant hydroelectric, wind and solar resources, said President Filipe Nyusi. He was speaking at a high-level panel event at the just-ended United Na...
Mozambique’s parliament gave final approval on Friday to the creation of the Mozambique Sovereign Fund with revenues from natural gas exploration, which by the 2040s should reach 6 billion dollars a year. The proposal to create the Mozambique Sovereign Fund, presented by the government, received 165...
The Mozambican economy grew steadily in the first nine months of this year, according to Prime Minister Adriano Maleiane. Addressing the Mozambican parliament, the Assembly of the Republic, on Wednesday, during a question and answer session between the deputies and the government, Maleiane said the a...