Weekly News Round-Up

Bringing you another set of positive #oil, #gas and #energy stories from across Africa.

This week, Egypt announced that it plans to reopen one of its two natural gas plants in order to boost LNG exports to Europe. The Damietta facility, which has been idled for eight years, will reopen by the end of February, according to Oil Minister Tarek El-Molla. Read more from Bloomberg.

U.S. Operator Kosmos Energy announced plans to boost capital expenditure this year to reach $575-625 million USD. This will largely be driven by its work with BP offshore Mauritania and Senegal. Read more from Energy Voice.

After blacklisting 15 companies on ethical grounds, Norway’s sovereign wealth fund – the largest in the world – announced that it expects to make no further divestments from fossil fuels as it aims to bring about change from within the industry to fight carbon emissions. Read more from the Financial Post.

In a cabinet reshuffle, OPEC member Algeria once again replaced its Energy Minister, putting Mohamed Arkab back in charge of the North African country’s energy and mining portfolios. Read more from S&P Global.

Last but not least, this piece from Petroleum Economist looks at whether Mozambique can achieve its ambition of becoming a major LNG exporter by the middle of this decade. Read it here.

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