World
Europe Expects Early November Mozambique’s LNG Exports
By Kestér Kenn Klomegâh
Local and foreign media are awash with Mozambique’s efforts in supplying the first tanker of liquefied natural gas (LNG) to be exported from the Rovuma basin, off Cabo Delgado province, to Europe.
While this southern African country is set to make its history with the new direction in exports, it will also help, to some extent, alleviate the energy crisis that has arisen due to the Russia-Ukraine crisis.
Mozambique expects to ship these liquefied natural gas exports to Europe from the Eni-operated Coral Sul floating plant. The BP’s LNG tanker, British Sponsor, has already arrived offshore northern Mozambique, according to the Welligence Energy Analytics media release, with all of Coral Sul’s annual gas output of 3.4 million tonnes contracted to BP for 20 years on a free-on-board basis.
“Regarding the LNG export, it will be for European markets since BP is committed to taking the gas resources to Europe,” said the National Petroleum Institute (INP) in an emailed response to Reuters. The new LNG cargoes will help alleviate a tight global LNG market and gas shortages in Europe as winter looms following Moscow’s February invasion of Ukraine and Russia’s later decision to curb gas pipeline supplies into major European Union economies.
As part of its exploration activity offshore Mozambique, Eni discovered the Coral South gas field in 2012 and took its final investment decision in 2017, pledging to start producing gas using a floating LNG plant after five years.
Thanks to a fast-track strategy led by CEO Claudio Descalzi, Eni has been able to stick to its original schedule despite the pandemic and supply chain issues. The exports from Mozambique, which neighbours South Africa, will help transform its economy as billions of dollars pour into the country to develop massive offshore gas fields in its deepwater Rovuma basin.
Mozambique’s Minister in charge of Economy and Finance, Max Tonela earlier informed while in Washington, on the sidelines of the annual meetings of the International Monetary Fund, that the first tanker of liquefied natural gas (LNG) to be exported from the Rovuma basin, off Cabo Delgado province.
Of the three liquefied natural gas projects approved for the northern region of Mozambique, it is the Coral Sul platform, on the high seas, far from the armed violence in Cabo Delgado, that is set to be the first to export gas from reserves that are among the largest in the world.
The platform, which is overseen by a consortium led by Italy’s Eni, is expected to produce 3.4 million tons of gas per year. The gas has already started to be processed on the platform, and the arrival of the first cargo ship from BP, which has signed a contract to buy the production for 20 years.
The other two larger projects, led by TotalEnergies and Exxon/Eni, have liquefaction plants planned for onshore on the Afungi peninsula but await final decisions by the oil companies to go ahead. The TotalEnergies project was underway but was suspended in March 2021 due to armed attacks in the Cabo Delgado region.
“We have prioritised ensuring the resumption of the construction work of the two onshore liquefaction lines, promoted by Area 1, and all the work that has been carried out aims to recover the situation of normality for families, for the affected populations, but also to promote investments that will result in a more sustained development of the region,” Minister Max Tonela said.
According to him, among the projects is the resumption of TotalEnergies, but taking into account the volume of gas resources that exist and the challenges at the global level of demand and diversification of sources, the government is ready to discuss other scenarios that do not jeopardise the development of onshore projects.
In early September, Mozambique’s president, Filipe Nyusi, also said that the new global scenario might be an added reason to rethink the issue. “We made the first platform: what is the possibility of making another one? There are studies in that direction among the measures to accelerate the production of those reserves,” Nyusi said.
The Rovuma gas is expected to represent 0.3% of the total revenue of the Mozambican state in 2023, which will be the first full year of production from the Coral Sul floating liquefied natural gas platform (FLNG), according to the State Budget draft for 2023.
“Of the amount foreseen for State revenue, 1.25 billion meticais (€20 million) comes from natural gas from Area 4 of the Rovuma Basin. The number comes from the medium-term fiscal scenario,” reads part of the document sent for discussions in parliament and published on the Ministry of Economy and Finance website.
Rovuma gas, off Cabo Delgado, a province affected by an armed insurgency and a humanitarian crisis, accounts for just 0.3% of total revenue collection, which is expected to reach 357 billion meticais (€5.7 thousand million) in 2023.
The general gas revenues are expected to grow as exploitation of the reserves progresses. The project, led by Italian oil company Eni will produce 3.4 million tonnes of liquefied natural gas per year for BP (which has bought the production for 20 years). Revenues from the extractive sector, including gas, should help to create a sovereign wealth fund this year, to which 40% of them will be channelled, according to the proposed sovereign fund law.
In forecasts made in 2020, with all three LNG projects up and running, Mozambique is expected to receive $96 billion (roughly the same amount in euros) over the lifetime of Rovuma gas reserves – almost five times the country’s annual gross domestic product (GDP).
With an approximate population of 30 million, Mozambique is endowed with rich natural resources but remains one of the world’s poorest and most underdeveloped countries. It is one of the 16 countries with a collective responsibility to promote socio-economic, political and security cooperation within the Southern African Development Community.
World
Africa Takes Centre Stage as Addis Ababa Hosts the World Public Summit
By Kestér Kenn Klomegâh
For the first time in its history, the World Public Summit will be held on the African continent. On 29–30 July 2026, Addis Ababa, the capital of Ethiopia, will host the World Public Summit. Africa — “A New World: Africa in Shaping a Shared Future.”
The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organisations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.
The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.
Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.
The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.
The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.
The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.
Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macroeconomics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.
On the same day, the ADWA Victory Memorial Museum—Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people—will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.
One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.
The outcomes, initiatives, and recommendations were developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on 18–19 September 2026.
According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development.”
World
UK Set for Seventh Prime Minister in 10 Years as Keir Starmer Resigns
By Adedapo Adesanya
The United Kingdom will get its seventh Prime Minister in 10 years as Mr Keir Starmer announced his resignation on Monday.
The Minister said he is stepping down as leader of the governing Labour Party and will leave office within weeks, scarcely two years after being elected in a landslide.
Mr Starmer says he will remain caretaker prime minister until a new Labour leader is chosen by the party.
Mr Starmer made the announcement after facing growing pressure to hand over to a new leader who can try to revive the government’s flagging fortunes.
He led Labour to a landslide election victory in July 2024, but since then, his popularity and that of the party have plummeted.
His departure was triggered by the victory of Mr Andy Burnham in a special election last week. The popular ex-mayor of Greater Manchester planned to challenge the existing PM for the Labour leadership.
Mr Starmer made the announcement outside the prime minister’s 10 Downing St. residence with a brief statement on Monday.
“The question my party is asking now is whether I am best placed to lead us into the next general election,” Mr Starmer said. “I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.
Mr Starmer is the sixth prime minister in a decade to stand outside 10 Downing Street and announce a premature departure.
It comes the day before Britain marks the 10th anniversary of its vote to leave the European Union, a decision that still affects the country’s economy and politics.
Over the past decade, 10 Downing Street has had six occupants, including Mr David Cameron, who left office in 2016 after the Brexit referendum and was succeeded by Ms Theresa May. She was followed by Mr Boris Johnson, whose tenure covered Brexit and the COVID-19 pandemic. After Mr Johnson came Ms Liz Truss, whose 49-day premiership was the shortest in British history. Mr Rishi Sunak then took office before being succeeded by Mr Starmer, the outgoing occupant of Number 10.
World
AXIAN Energy Secures $60m for Expansion Across Africa
By Aduragbemi Omiyale
A financing facility of up to $60 million has been secured by AXIAN Energy, the energy division of the AXIAN Group.
The funding package was provided by MCB, one of the leading financial institutions in the Indian Ocean region.
It comprises a $40 million revolving credit facility with a three-year tenor and extension option, and $20 million in unfunded instruments, providing AXIAN Energy with enhanced financial flexibility, enabling the company to rapidly mobilise resources and seize development opportunities across its target markets.
The energy firm is expected to use the capital to deliver large-scale energy infrastructure projects across Africa.
Over the past two years, AXIAN Energy has significantly accelerated its growth by expanding its renewable energy project pipeline, with solar projects currently under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.
Building on this momentum, AXIAN Energy now operates a portfolio comprising 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity, positioning the AXIAN Group as a major contributor to Africa’s energy transition.
The chief executive of AXIAN Energy, Mr Benjamin Memmi, said, “This transaction marks a key milestone in AXIAN Energy’s growth trajectory. It provides us with the financial capacity to sustain the momentum we have built over the past two years, further strengthening our renewable energy portfolio and expanding our presence across new African markets.”
Also commenting, the Global Head of Structured Finance at MCB, Mr Mathieu Delteil, said, “We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa.
“By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions.
“This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.”
The financing agreement between the two organisations strengthens their long-standing relationship because it is driven by a shared commitment to supporting infrastructure development and economic growth across Africa.
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