12 °c
London
Wednesday, April 21, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

NGC seals partnership with Mozambique’s ENH

FurtherAfrica by FurtherAfrica
May 29, 2018
in Africa, Commodities, Diplomacy, Gas, Mozambique, Natural Resources
Reading Time: 3 mins read
0
Tanzania: TPDC to Avail More Gas Into Homes, Industries
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The Trinidad & Tobago National Gas Company (NGC) has signed a landmark technical services agreement (TSA) with Empresa Nacional de HidroCarbonetos, (ENH), the state-owned petroleum company of the Republic of Mozambique.

ENH is responsible for the research, prospection, production and commercialisation of petroleum products and represents Mozambique in oil and gas operations.

The TSA was executed on the first day of ENH’s three-day study-tour of T&T’s energy sector from May 13-17. This agreement serves as a critical follow-up to the memorandum of understanding (MOU) signed between the two companies in September 2017. Mozambique is at a relatively early stage of development in floating and onshore LNG, petrochemicals, estate and infrastructure development, with T&T poised to assist with its experience and learnings in a strategic relationship for the long term.

The delegation was led by, ENH chairman/CEO Dr Omar Mithá and included, Arsénio Mabote, advisor to the Board, ENH; Acácio Langa, marketing director, ENH; and, António Matola, director, Engineering, ENH.

The group held discussions with NGC’s chairman, president and key personnel in a series of meetings to deepen areas of collaboration between NGC and ENH. Dr Mithá shared that Mozambique has an estimated 190 trillion cubic feet (tcf) of gas and is assiduously working towards developing their human resources and skills base to promote a balanced development of their gas economy. He noted that their desire to enhance their local competence was one of the primary catalysts for ENH to seek out NGC as an ideal collaborative partner to grow and strengthen Mozambique’s energy sector.

The agreement is regarded as an entrepreneurial initiative for NGC as it will create a new revenue stream for the company through the monetising its invaluable intellectual expertise and experience, and exploring opportunities for future investment and partnership.

Through the TSA, ENH has effectively contracted NGC to offer and provide technical, commercial, legal and other services for the development of Mozambique’s natural gas sector. The TSA covers the assessment of the commercial framework across the energy value chain of the upstream, midstream (LNG and pipeline network) and domestic sectors. Also covered under the umbrella of the TSA is local content policy formulation, institutional capacity building, infrastructure and industrial estate development.

By the close of the Mozambique visit, it was agreed that a joint steering committee (JSC) is to be established to diligently pursue the several definitive potential projects identified by both parties. At the signing of the TSA, NGC chairman Gerry C Brooks noted the agreement supports NGC’s strategic objective of expanding NGC Group to international jurisdictions.

“As we seek to transform our business and the energy sector, we must look at diversifying NGC’s business and revenue streams beyond our shores by forging partnerships of mutual benefit,” he said.

“Our collaboration with Mozambique signals that NGC remains firm in our commitment to creating value and generating tangible returns for the development of Trinidad and Tobago and its people.”

NGC’s president, Mark Loquan, emphasised the capabilities and expertise inherent to NGC that was built over more than 40 years of experience in the energy sector. He assured the ENH representatives that through the TSA and MOU they were accessing an unparalleled wealth of knowledge from subject matter experts.

He also noted that NGC has been integral to developing and optimising T&T’s natural gas model of growth and prosperity through maintaining its role as an aggregator and agent for national development.

The group also met with key stakeholders, including Energy Minister Franklin Khan, to obtain a deeper appreciation of the wider T&T energy industry.

Source: Trinidad & Tobago Guardian Online

Related

Tags: Acácio LangaAntónio MatolaArsénio MaboteEmpresa Nacional de HidrocarbonetosENHFeatureGasGerry C BrooksLNGMark LoquanMozambiqueNGCoilOmar MithaTrinidad & Tobago National Gas Companyмозамбикモザンビーク莫桑比克
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Angola: Total launches zinia 2 development in deep offshore block 17

Next Post

Zimbabwe: Zim Millers worried over US$55M debt owed to foreign suppliers & banks

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Mozambique

Mozambique: Five companies pre-selected to build solar plant

by FurtherAfrica
April 21, 2021
African Fintech: Growth, Profit and Forecasts
Finance

28 money transfer services checked for Africa: an extensive guide

by Jens Ischebeck
April 21, 2021
Mozambique

Mozambique: US$30M needed to rebuild Beira Airport

by Club of Mozambique
April 21, 2021
Procedure for registration of a Limited Liability Partnership in Nigeria
FDI

The role of government in securing FDI

by Africa Oil & Power
April 21, 2021
Angola’s Sonangol reiterates payment commitment of drill ships
Africa

Maersk Drilling secures US$24M Exploration Contract in Gabon

by Africa Oil & Power
April 21, 2021
Next Post
Mozambique introduces mandatory food fortification

Zimbabwe: Zim Millers worried over US$55M debt owed to foreign suppliers & banks

Mozambique gas company ENH hires Lazard to raise US$2B

Angola: Crude oil derivatives cost over US$4B

US$180B+ will be spent on 88 upcoming oil and gas fields in Africa to 2025

Mozambique plans to sign gas agreement with Rosneft, ExxonMobil by yearend

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?