Mozambique passes landmark legislation for $91.7bn sovereign wealth fund
Mozambique has greenlit legislation establishing a sovereign wealth fund, managing vast earnings from anticipated natural-gas exports worth $91.7 billion.
Mozambique has greenlit legislation establishing a sovereign wealth fund, managing vast earnings from anticipated natural-gas exports worth $91.7 billion.
South Africa faces an impending natural gas crisis, warns the Energy Council’s CEO, James Mackay.
Transnet SOC Ltd. is pivoting more and more towards private partners in attempt to grow and improve its port and railway operations.
Renergen CEO Marani has also had to deal with a cold shoulder from Ivanhoe, and leaks in Australia that aborted a capital raising exercise.
Cut off from Russian gas, European countries have turned to the spot market, where energy that isn’t committed to buyers is made available for short-notice delivery.
Policymakers now have a once-in-a-generation opportunity to cut the tie to gas, allowing the region to become more reliant on cheaper, greener energy. The stakes are huge.
Germany’s mood is anything but despairing. A lot of influential Germans think the country is entering a new era of affluence at home and influence abroad.
South Africa’s troubles dovetail with those of European power producers, who are trying to stock up on coal ahead of winter.
It may be a faint hope, but there are signs of realty creeping into the debate over energy sources. We can only wait and see.
In the first six months of the year, Germany generated 82.6 kWh of electricity from coal, up 17 per cent from the same period last year.