Mozambique oil gas, Ruvuma Basin, May24

Mozambique’s gas ambitions gain fillip from Abu Dhabi investment


Issue 506 - 27 May 2024 - By Marc Howard | 3 minute read

Abu Dhabi National Oil Company’s decision to pay Portugal’s Galp some $1.15bn for a 10% stake in offshore Area 4 offers further evidence of Mozambique’s LNG improving prospects, even though the Cabo Delgado insurgency hasn’t gone away.

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