Related Articles
Outlook 2017
Forward article link
Share PDF with colleagues

The Rovuma wait

Political instability and infighting will force gas onto the back burner in 2017

For Mozambique, 2017 really ought to be the year when investors make final decisions to invest in the country's giant offshore gas projects. Alas, political instability is more likely to drag on, stifling those and other ventures. Italy's Eni, which has successfully divided its extensive Offshore Area 4 into bite-sized projects, was hoping to make its final decision on the proposed Coral South floating liquefied natural gas project before the end of 2016. In 2017, Anadarko should get approval for its development plan for the Golfinho field in Area 1 - a more substantial undertaking that would involve onshore LNG trains. While those projects edge ahead, the corporate scene will change. Exxo

Also in this section
Happy days ahead for Tullow Oil
14 December 2017
The company's bottom line suffered when crude prices crashed in mid-2014, but a landmark maritime boundary resolution should lead to a welcome boost for company revenues
Egypt: Clearer thinking
13 December 2017
The country has committed itself to reducing the volume of associated gas that’s flared at oilfields
Mexico's rainy-day fund
12 December 2017
The sovereign-wealth fund is a good idea—now it just needs some wealth to manage. The FMP’s executive coordinator spoke to Petroleum Economist