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First Gas Introduced to Coral-Sul Floating Liquefied Natural Gas (FLNG) from Mozambique’s Coral South Field

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4 years ago

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FLNG

With Mozambique set to being LNG production this year, the milestone achieved by Eni in the Coral Sul FLNG project is a strong testimony of Mozambique’s gas market growth potential

JOHANNESBURG, South Africa, June 21, 2022/APO Group/ — 

Italian energy major Eni has announced first gas to the Coral-Sul Floating Liquefied Natural Gas (FLNG) facility from the Coral South Field located in Area 4 of the Rovuma Basin offshore Mozambique. The development sparks a new era of hydrocarbon growth in the southern African country, with Mozambique now on track to produce first liquefied natural gas (LNG) by the end of this year.

Eni, alongside its partners ExxonMobil, the China National Petroleum Corporation, GALP, KOGAS and Empresa Nacional de Hidrocarbonetos, are targeting the production of LNG for exportation to Europe and Asian markets. The development will spark a wave of gas monetization in the hydrocarbon-rich country, with gas driving socioeconomic development both locally and across the wider region while addressing global demand for LNG in the wake of the Russia-Ukraine conflict.

The Chamber is confident that the Coral-Sul FLNG’s 3.4 million tons per annum of gas output will be a game changer in improving energy reliability in Africa and across the globe

With over 600 million people across the African continent living in energy poverty and 900 million people without access to clean cooking solutions, the Coral South Field development marks a new chapter that will see the exploitation of Mozambique’s 100 trillion cubic feet (tcf) of gas reserves to address continental and global energy needs. The African Energy Chamber (AEC), as the voice of the African energy sector, strongly supports the milestone achieved by Eni and its partners in bringing the country’s LNG market to life. The Chamber is confident that the Coral-Sul FLNG’s 3.4 million tons per annum of gas output will be a game changer in improving energy reliability in Africa and across the globe.

With Africa seeking to diversify its energy mix, the exploitation of the continent’s 620 tcf of gas reserves, through projects such as Coral-Sul FLNG, not only provides an opportunity to expand power generation but to avert climate change. With Eni and partners leveraging zero flaring and dry low nitrogen oxide technology to reduce greenhouse gas, the Coral-Sul FLNG project provides a blueprint for both Mozambique and other African countries looking at adopting global sustainable gas production specifications, attract funding and accelerate project deployment. In this regard, the Coral-Sul FLNG milestone will unlock investments for Mozambique’s LNG gas boom and help accelerate the development of planned projects such as TotalEnergies’ Mozambique LNG, and Eni and ExxonMobil’s Rovuma LNG developments.

“The development of FLNG platforms is key to unlocking Africa’s full energy potential and in making energy poverty history across the continent through the exploitation of domestic gas resources. The Chamber would like to congratulate both Mozambique and Eni for the Coral-Sul FLNG milestone. This is what Africa needs: the rapid development of energy projects,” states NJ Ayuk, the Executive Chairman of the AEC, adding that, “The Chamber is committed to working with H.E. Carlos Zacarias, Mozambique’s Minister of Mineral Resources and Energy, and industry stakeholders to attract investments and put in place business models and fiscal terms which are required to bring other planned LNG projects online.”

The AEC’s annual conference, exhibition and networking event, African Energy Week (AEW), which takes place from 18 – 21 October 2022, in Cape Town, will host high-level discussions around Mozambique’s, as well as other gas-rich countries in Africa, gas miracle. During AEW 2022, a delegation from Mozambique led by the Ministry of Mineral Resources and Energy will provide an update of Mozambique’s gas market and present investment opportunities across the country’s LNG market. AEW 2022 will host panel discussions, investor summits and exclusive networking forums to discuss the future of Mozambique’s gas industry.

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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February 6, 2026

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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February 6, 2026

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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