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Energy investors' optimism

Despite a lack of a firm announcement on Mozambique LNG, the mood in the energy sector in Mozambique is upbeat

Good morning, with apologies for the late running of what is Thursday’s Daily Briefing.

The Mozambique gas and energy summit is over for another year, with delegates leaving with a general sense of optimism despite little concrete to hold on to. The biggest news came from Paris, of course, with TotalEnergies’ announcement that they are looking to restart work in Afungi before the end of the year; even that, however, was framed as an aspiration, and not a commitment.

The latest from Zitamar News:

Nangade update: violence, return, and natural resources
Despite low levels of political violence, people in Nangade have not yet returned in significant numbers to their villages of origin
TotalEnergies in talks with South Africa to sell electricity from Matola LNG
South Africa represents a promising market for Mozambican power
Regius Resources stalks new coal deposit for coal-to-liquids venture
FREE TO READ: A project to convert coal to liquid fuels in Mozambique’s Tete province is awaiting approval from its Chinese financiers to purchase a coal mining concession

Nevertheless, the event was far from a flop, with a packed exhibition area with 86 would-be subcontractors and support industry companies showing they are ready to move when the green light comes. Medical support, medical evacuations, health insurance plans, earth removal and heavy equipment companies, logistics, floating platforms, HR recruitment companies, and research companies were all represented, including some major players.

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