Mozambique’s president Nyusi exonerates energy minister

Mozambique's president Nyusi exonerates energy minister

Mozambique’s minister of mineral resources and energy Pedro Conceição Couto has been exonerated by presidential order.

Couto has been appointed to the position in January 2015, after serving a deputy finance minister from 2005 to 2015.

The office of the president, Filipe Jacinto Nyusi, has not given the reason for the decision in its statement.

The sacking comes amidst reported new developments during the recent months when it comes to natural gas resources discovered off Mozambique that are estimated at around 85 Tcf of natural gas.

Italian company Eni, that has already received the approval for its Coral FLNG project in Mozambique, was recently reported to have sold a multi-billion dollar stake in the planned Mozambique LNG project to ExxonMobil.

The U.S.-based energy giant is looking to grab the operating stake in the onshore LNG facility while Eni would keep hold of the control over the Area 4 gas fields.

Qatar Petroleum has also been reported to show interest in cooperating with Eni and ExxonMobil through a joint investment with the U.S. company.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >