Mozambique oil gas, Ruvuma Basin, May24

Abu Dhabi’s Adnoc provides fillip for Mozambique’s gas ambitions

Issue 1188 - 02 Jun 2024 | 2 minute read

Abu Dhabi National Oil Company’s decision to buy a 10% stake in Mozambique’s offshore Area 4 concession from Portugal’s Galp, at a cost of some $1.15bn, further positions the Emirate as a growing investor in African gas.

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