Arrests could hamper Mozambique LNG funding
The impoverished country still faces scrutiny over its ability to handle multi-billion-dollar projects
High profile arrests in early January related to Mozambique's "hidden debts" scandal, made at the request of US prosecutors, are an unsettling reminder that the country still faces questions over its financial credibility. It is something those trying to fund LNG projects based on the massive gas reserves of the Rovuma basin could do without. In early January, former finance minister Manuel Chang was arrested in South Africa, three former Credit Suisse Group bankers were arrested in London and one executive of Lebanese shipbuilding group Privinvest was detained in New York. They face charges in the US linked to a long-running fraud investigation of $2bn in loans to Mozambican state-linked co
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
