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. ExxonM
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Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
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With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
