The global liquefied natural gas (LNG) market is set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, according to Rystad Energy report
Gas
Morocco moves closer to unlocking domestic gas riches, says GlobalData
Two significant gas projects that are poised to take final investment decisions (FID) in Morocco this year could add 70mmcfd of natural gas to the country’s energy mix in the next five years, supporting its ambition of reducing reliance on coal and costly imports from Algeria, according to GlobalData
BP announces gas production from West Nile Delta development
BP has announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt
Total declares force majeure on Mozambique LNG project
Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total has confirmed the withdrawal of all Mozambique LNG project personnel from the Afungi site
MCB provides US$60mn to fuel Senegal’s LNG-use ambitions
The Mauritius Commercial Bank Ltd (MCB) is facilitating Senegal’s endeavour to improve its national electrification rate through its US$60mn participation in the syndicated project finance facility of US$140mn to Karpowership
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