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The L-shaped recovery with low oil prices in the coming years. Source: RisCura: Bright Africa. Recent oil and gas discoveries across East Africa, most notably in Mozambique and Tanzania, have seen the region emerge as a new player in the global oil and gas Industry. The discoveries have driven billions of dollars in annual investment to the ...
Mozambique has abundant energy sources available for exploitation. As of 2021, the country was ranked first in energy potential of all the countries in the Southern African Power Pool (SAPP), with an estimated energy capacity of 187,000 MW. Available energy sources include coal, hydroelectricity, natural gas, solar energy and wind power. As of ...
The power station is jointly owned by (a) Electricidade de Moçambique, the Mozambican electricity utility monopoly company and (b) Sasol New Energy, a 100 percent subsidiary of Sasol Limited, a South Africa-based chemical and energy conglomerate. The table below illustrates the shareholding in the power station, as of January 2021.
The Mamba South gas field is a natural gas field located offshore the Cabo Delgado Province of Mozambique in Offshore Area 4. Discovered in October 2011 by Italian company Eni , it is one of the largest natural gas fields in the world, with estimated reserves of up to 15 trillion ft 3 (424.75 km 3 ), equivalent to 2 bboe .
Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial ...
The Golfinho gas field is a natural gas field located offshore the Cabo Delgado Province of Mozambique. Discovered in 2012, it was developed by Anadarko Petroleum , determining it to have initial total proven reserves of around 20 trillion ft 3 (571 km 3 ).
Mozambique's official currency is the metical (as of October 2023, US$1 is roughly equivalent to 64 meticals) The U.S. dollar, South African rand, and the euro are widely accepted and used in business transactions. The minimum legal salary is around US$60 per month. Mozambique is a member of the Southern African Development Community (SADC). [19]
The rule issued by the Interior Department's Bureau of Land Management will tighten limits on gas flaring on federal lands and require that energy companies improve methods to detect methane leaks ...