Mozambique's Coral North FLNG project reaches final investment decision

MAPUTO, Oct. 3 (Xinhua) -- The Coral North Floating Liquefied Natural Gas (FLNG) project in Mozambique reached its Final Investment Decision (FID) on Thursday, with a signing ceremony held in the capital, Maputo. The multi-billion-dollar project...

Lifting of force majeure on Mozambique LNG project is delayed

Force majeure on TotalEnergies' $20 billion Mozambique LNG project is not now expected to be lifted this week, although it could still take place very soon. Upstream reported previously that an announcement could be made on Thursday amid a...

Eni takes FID for Coral North FLNG project offshore Mozambique

Eni and partners have reached a final investment decision (FID) to develop the Coral North FLNG project in deep water offshore Cabo Delgado, north of Mozambique. Through the project, gas produced from the northern part of Area’s 4 Coral gas...

World Green Economy Summit Hosts a High-Level Ministerial Roundtable

The session, held under the theme ‘Delivering Climate Ambition by 2030 and Beyond–United Action for Green Transition’, aimed to advance climate ambitions and promote dialogue on aligning policies, finance and innovation with sustainable...

Mozambique: Cancer kills over 17,000 a year – government

Mozambique registers around 26,000 new cases of cancer every year, causing more than 17,000 deaths, the health authorities said on Thursday, calling for a focus on prevention, diagnosis, and combating these diseases. “In Mozambique, it is...

Absa Bank Uganda strengthens Uganda’s Capital Markets with reintroduction of Custody Services 

Kampala, Uganda | THE INDEPENDENT | In a strategic move intended to provide institutional investors with secure, efficient, and compliant solutions to safeguard their assets and facilitate seamless investment operations, Absa Bank Uganda has today...

Sub-Saharan Africa's smaller economies set to outpace regional giants amid global volatility

By Edith Mutethya in Nairobi, Kenya | chinadaily.com.cn | Updated: 2025-10-03 17:12 Sub-Saharan Africa's smaller economies are expected to sustain strong performance this year, outpacing regional heavyweights such as South Africa and Nigeria,...

Italian Eni approves investments in Coral North project in Mozambique

AK&M 03 October 2025 13:22 The Italian energy company Eni S. P. A., together with its partners, has made the final investment decision for the development of the Coral North FLNG project on the Cabo Delgado shelf north of Mozambique. This is...

Eni moves ahead with second FLNG unit in Mozambique’s supergiant basin

Italy’s energy giant Eni and its co-venturers have reached the final investment decision (FID) to develop a floating liquefied natural gas (FLNG) project in the north of Mozambique. Coral Sul FLNG; Source: Eni As disclosed by Eni, the FID for the...

Eni launches Coral North FLNG project in Mozambique

Eni has announced its final investment decision to develop the Coral North FLNG project, located in deep waters off the coast of Mozambique, with its partners CNPC, ENH, Kogas, and XRG (ADNOC). The signing took place in Maputo in the presence of...

Mixx expands digital financial services for Mtwara cashew farmers

DAR ES SALAAM: MIXX has expanded its digital financial services for cashew farmers in Mtwara to promote financial inclusion, simplify transactions and broaden access to agricultural markets. Yas Director for the Coast South Zone, Ms Fadhila Saidi,...

Eni Greenlights Mozambique’s Coral North FLNG Project

Eni and its partners China National Petroleum Corporation (CNPH), Empresa Nacional de Hidrocarbonetos (ENH), Korea Gas Corporation (KOGAS) and XRG have reached the Final Investment Decision (FID) to develop the Coral North deepwater FLNG project,...

Conditions Met for TotalEnergies to Restart Work on Mozambique LNG project

Oct 3, 2025 (Credit: TotalEnergies) Mozambique President Daniel Chapo said on Thursday that the conditions have been met for French energy company TotalEnergies to lift force majeure on its $20 billion liquefied natural gas (LNG) project in the...

Eni sanctions second FLNG development offshore Mozambique

Italian major Eni has reached the final investment decision (FID) to develop the Coral North FLNG project, deepwater offshore Cabo Delgado, north of Mozambique. The project will put into production the gas volumes from the northern part of Area...

Market reacts to fuel price hike

Benadetta Chiwanda Mia: The Malawi Energy Regulatory Authority (Mera)’s Tuesday night upward adjustment in fuel price has attracted mixed reactions, with some businesses reciprocating by adjusting upwards prices for services and commodities. A...

Banks face 2030 architecture overhaul to remain competitive

Banks are racing to outperform a flood of new competitors, keep up with shifting regulatory requirements, and satisfy rising customer expectations. Yet few have the core technology required to meet those aspirations. Most remain locked in legacy...

Mozambique Conflict Monitor (15 - 28 September 2025)

By the Numbers Data highlights in Cabo Delgado province (15 - 28 September 2025) At least 19 political violence events (2,209 in total since 1 October 2017) At least 21 total reported fatalities from political violence (6,257 since 1 October 2017)...

Eni signs second floating LNG unit off the coast of Mozambique

The Italian energy company Eni, along with its partners, signed off on a project on Thursday to build a floating platform for liquefied gas, Coral North, in the waters of Mozambique. This will make that country Africa's top LNG producer. In the...

Zimbabwe and Southern Africa: The Unfinished Business of Imperialism

By Solo Musaigwa In September 1978, Mozambique’s first president, Samora Moisés Machel, delivered a speech in Maputo that dissected the mechanics of imperialist strategy in Southern Africa. He argued that Britain, the United States and their...

Eni Set to Sign FID for Coral North FLNG in Mozambique

Oct 2, 2025 Coral Sul FLNG (Credit: Technip Energies) Italian energy group Eni is expected to agree a final investment decision for Mozambique's second floating liquefied natural gas (LNG) platform at an event in the capital Maputo on Thursday,...