Mozambique needs less haste, less speed
Bureaucracy, financing problems and last-minute wrangles are slowing Rovuma Basin projects
Mozambique's government infrastructure is creaking under the strain of managing one of the world's most ambitious hydrocarbons provinces. The severely understaffed oil regulator, Instituto Nacional de Petróleo (INP), has been working flat out to finalise agreements aimed at getting long-delayed offshore Rovuma Basin gas projects underway, while also negotiating the allocation of new exploration blocks and awarding downstream gas monetisation projects. Meanwhile, the energy ministry has had to adapt to a new leader, following the replacement of the highly respected Pedro Couto as energy minister by Leticia Klemens last October. Klemens was a surprising and inexperienced pick, whose profession
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields