Connect with us
Anglostratits

Business

Technip Energies Advances Mozambique’s Gas Agenda with Pioneering Floating Liquefied Natural Gas (FLNG) Solutions

Published

3 years ago

on

Technip Energies

As a pioneer in the development of FLNG solutions, Technip Energies is not only consolidating its position as a global LNG service company but is positioning Mozambique as a competitive gas economy

JOHANNESBURG, South Africa, March 27, 2023/APO Group/ — 

With over 100 trillion cubic feet (tcf) of proven natural gas reserves, Mozambique has quickly emerged as one of the most attractive gas plays worldwide, with three large-scale project developments placing the country on a positive trajectory towards long-term economic growth. While offshore gas projects alone provide key opportunities for energy access and job creation, Floating Liquefied Natural Gas (FLNG) solutions currently being developed by French-based engineering and technology company Technip Energies are set to position the country as a global liquefied natural gas (LNG) producer and exporter.

Having emerged as a pioneer in the development of FLNG, providing an alternative to onshore facilities and alleviating the need for long-distance pipelines and extensive onshore infrastructure, Technip Energies has positioned itself as a key driver of Mozambique’s gas agenda through the deployment of FLNG solutions at the Eni-led Coral Sul project – located in Area 4 of the highly prospective Rovuma Basin, offshore Mozambique. In 2017, Technip was awarded a contract for the FLNG facility, with the company thereafter covering the engineering, procurement, construction, installation and commissioning of the facility as well as risers, umbilicals, subsea flowlines and equipment.

For Africa, natural gas represents the fuel of the future, serving as both a clean and widely available resource as well as the solution to making energy poverty history by 2030

Representing Mozambique’s inaugural offshore LNG project, Technip installed the Coral Sul FLNG facility approximately 80km off the coast of Mozambique. With a production capacity of 3.4 million tons of LNG per annum and with a design life of 25 years, the project is set to trigger newfound growth across the country’s energy sector and economy at large. Reaffirming Technip’s commitment to Mozambique’s gas, in early 2021, the Coral FLNG facility arrived in the country, first gas was introduced to the vessel in June 2022 and the first shipment of LNG left the country for Europe in November 2022, a testament to the company’s resilience despite the wave of challenges that impacted development.

While Mozambique has produced gas from the Pande and Temane onshore fields for a number of years, the Coral Sul project – of which LNG is produced predominantly for exports – enables new streams of revenue to be generated for the country, kickstarting economic growth while positioning Mozambique as an international LNG supplier at a time when global supply chains are particularly volatile. Leveraging its strong expertise and experience, Technip applied its latest liquefaction technologies with an APCI DMR process and four LNG loading arms for side-by-side offloading operations supplied by the company itself, thus positioning the country as a pioneer in this industry while solidifying the company’s own footprint in the African gas market. With the project representing one of Africa’s first FLNG facilities, Technip has set a benchmark for other gas-rich countries across the continent, while emerging as the partner of choice for project developers eager to capitalize on Technip’s innovative FLNG solutions.  

“For Africa, natural gas represents the fuel of the future, serving as both a clean and widely available resource as well as the solution to making energy poverty history by 2030. The continent’s gas future is bright and through the development of LNG, a new era of electrification and industrialization is in sight. In this scenario, Technip Energies represents a critical partner for African gas producers looking at deploying FLNG solutions. Having emerged as a pioneer in this field, the company continues to demonstrate its commitment to African gas. Projects such as the Coral Sul FLNG facility represent just the start of Africa’s FLNG journey and we look forward to seeing new projects driven by Technip Energies in Africa,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

All this and more will be further unpacked during this year’s edition of the African Energy Week (AEW) conference and exhibition – taking place from October 16-20 in Cape Town. Under a mandate of making energy poverty history by 2030, AEW is largely centered on the role natural gas plays in Africa’s energy mix and how the development of LNG will fast-track industrialization across the continent. Last year, service companies such as Technip Energies played a key part in LNG dialogue, and this year, this trend will only continue as new discoveries are made, projects kicked off and producers turn to FLNG as viable production solutions.

Distributed by APO Group on behalf of African Energy Chamber.

Related Topics:
Continue Reading
Advertisement

Events

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

Published

2 days ago

on

February 6, 2026

By

Debate

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.

Continue Reading

Business

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

Published

2 days ago

on

February 6, 2026

By

CLG

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.

 

Continue Reading

Business

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

Published

2 days ago

on

February 6, 2026

By

ITFC

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).

Continue Reading

Trending