lunes, 22 de febrero de 2016

Mozambique inaugura una planta eléctrica construida por TSK

Mozambique inaugura una planta eléctrica construida por TSK






















El presidente Filipe Jacinto Nyusi presidió el acto de apertura de las instalaciones, con una capacidad mínima de 100 MWe y que incorporan una subestación para la evacuación de la energía

El presidente de Mozambique, Filipe Jacinto Nyusi, inauguró ayer la planta de generación de energía eléctrica construida por TSK -bajo la modalidad EPC (Engineering, Procurement & Construction)-, en la localidad de Ressano García, a unos 90 kilómetros de la capital del país, Maputo. El proyecto tiene una capacidad mínima de 100 MWe e incorpora una subestación, también construida por TSK, para la evacuación de la energía.
Según informa la compañía asturiana, la planta consta de 13 motores de la marca Rolls Royce, con una potencia unitaria de 9,335 MWe, lo que dará una potencia bruta de 121,355 MWe. Dichos motores serán alimentados mediante gas natural, suministrado por la compañía mozambiqueña Matola Gas, y tendrán una salida a 50HZ/ 11KV a las líneas de transporte y distribución de Electricidad de Mozambique (EDM).
La duración del proyecto, desde la ingeniería hasta la entrega, pasando por las fabricaciones, adquisiciones, logística de transporte, montaje, pruebas y puesta en marcha, fue de 20 meses, el plazo acordado entre las partes, que «se cumplió escrupulosamente». Además, TSK, como ampliación del contrato, llevará a cabo las funciones de operación y mantenimiento durante los próximos cinco años, ampliando así los servicios a sus clientes.
Al acto asistieron, además del presidente de la república africana, diferentes autoridades del país y directivos de las empresas locales Gigawatt -con su presidente Castigo Langa, a la cabeza- y WBHO, que participaron en el proyecto como promotores y constructores de la obra civil, respectivamente. TSK, por su parte, estuvo representada por el director general del área de Presidencia del grupo, José María González; el director de Plantas Industriales, Ignacio Lapuente, y el director de TSK-Sudáfrica, Rafael Lapique.

lunes, 8 de febrero de 2016


Anadarko, Mozambique Put Foot on Gas  Exports as Iran Looms
 @pburkhardt February 4, 2016 — 10:26 AM CET

Mozambique and Anadarko Petroleum Corp. are racing to tap gas from one of the biggest discoveries in decades as a global glut looms.
After making its initial discovery six years ago in the Rovuma basin off Mozambique’s northern coast, Anadarko has yet to make a final investment decision on a $15 billion liquefied natural gas project. That decision may come this year as competition from U.S. and Iranian supplies intensifies in export markets, said state-owned partner Empresa Nacional de Hidrocarbonetos.
"Unless we speed the process, we could lose the opportunity," Omar Mitha, chairman of ENH, said in an interview at his office near the waterfront in the capital, Maputo. We are discussing with the government that this is the time “to get ready with all the contracts, the legal framework, the resettlement process,” the former deputy minister said.
With the International Monetary Fund projecting total LNG investment of more than $100 billion in Mozambique and the possibility of supplying gas to the domestic market, the discoveries have the potential to help transform one of the world’s poorest nations. While Woodlands, Texas-based Anadarko has joined oil majors in curbing investment as crude slumps, the company said on Tuesday that it hopes to conclude negotiations with the Mozambique government this year.


Friday’s meeting of the Central Committee of the ruling Front for the Liberation of Mozambique will consolidate the power of President Filipe Nyusi, providing an enabling environment for LNG development in the country, according to a Feb. 3 note from Eurasia Group. Mozambique’s longer-term trajectory over the next two years remains positive, Eurasia said.
Anadarko needs to finalize legal issues, including marine concessions that dictate ownership of the planned export jetty in Cabo Delgado province, and complete LNG offtake agreements before taking a final investment decision, John Peffer, the company’s manager in Mozambique, said in an interview. 
“The key is to finish the legal and contractual framework as quickly as possible as this is a critical element in providing project certainty and securing long-term economic value,” Peffer said. 

Project Differentiation

Anadarko, which owns 26.5 percent of the project, and its partners also need to get approval for resettling about 500 people at the project site, Peffer said. Displaced fisherman will be eligible for compensation, according to a draft of the plan. Despite pricing pressures as crude slumped to the lowest in more than a decade, the company remains confident about the prospects in Mozambique.
“The size of this asset, reservoir quality, distance to shore, proximity to the market, and continued progress with the government on the required legal and contractual framework will enable this project to differentiate itself and compete in today’s LNG market,” Peffer said.
Anadarko said on Monday that it plans to cut spending by almost half as it moves to recover from its worst year since spinning off from Panhandle Eastern Pipe Line Co. in 1986. The third-largest U.S. natural gas producer reduced its 2016 capital budget to about $2.8 billion, after reporting a net loss of $1.25 billion for the fourth quarter.

Development Plan

Anadarko and Eni SpA in December agreed on a plan to develop adjoining areas in the northern Rovuma basin, targeting a combined 24 trillion cubic feet of gas. Mozambique has attracted international energy companies to exploit huge gas finds that could help turn the country into the third-biggest LNG exporter in a decade.
ENH is also a minority partner in a gas-to-liquids plant proposed by Royal Dutch Shell Plc. The gas could be used for power plants, methanol and urea production, in addition to GTL, according to astudy prepared for the government.
Should a final investment decision be taken, the state-owned company would need to add lawyers and accountants, more than tripling its 160 employees, he said.
“That partnership is important because it’s an opportunity for ENH to go into the downstream industry and occupy the space along the value chain," Mitha said. “We’ll have to reshape our strategy, our plans, and fiercely fight for tapping new resources as well."
A feasibility study has been completed for the plant, which would be a “foundation project” for the domestic gas industry in Mozambique, according to a spokesman for Shell. Discussions are ongoing between Shell, ENH and the Mozambican government on the findings of the study, he said.

miércoles, 20 de enero de 2016

IMF ups Mozambique’s LNG export potential to 89 mtpa


IMF ups Mozambique’s LNG export potential to 89 mtpa

BY  ON
Latest IMF report says Mozambique could export more than four times what was previously assumed – though low oil prices mean the projects could face further delays in reaching FID
  • IMF ups estimates for Mozambique’s LNG export capacity from 20 mtpa to 89 mtpa by 2028
  • Gas reserves support this growth, LNG demand projections don’t
  • Mozambique LNG can work in $40/bbl oil, but not at $30/bbl
The International Monetary Fund (IMF) has drastically revised its estimates of Mozambique’s future LNG capacity from around 20 million tonnes per annum (mtpa) to 89 mtpa, a total that would make the country the world’s third largest LNG producer by 2028, behind Australia and the United States.
In its latest staff report, published in January, the IMF said it had updated its assumptions “in line with information from the private developers”. The Fund now expects 13 onshore LNG trains and four floating trains (FLNG) to be built, versus their previous assumption of just 4 onshore trains.
However there is a real risk construction of the first LNG trains could be significantly delayed if gas prices stay low and ongoing negotiations between the operators and the government are not concluded before the end of 2016, the Fund noted.
Assuming a final investment decision (FID) by mid-2016, the report expects the first onshore train and first FLNG train will start production in 2021, with the 13th train coming online in 2028.
Total investment from 2016 is projected at $110 billion, but the sector’s contribution to GDP is expected to be small during the construction period due to high level of imports.
Fiscal  revenues from the project are only expected to be significant by the mid- 2020s and the current account balance would turn into surplus only in 2025, due to cost recovery of investment.
When annual LNG output reaches 89 million tons in 2028, it will then constitute more than 50% of nominal GDP, the report estimates.
But is there demand?
While Anadarko’s Area 1 and Eni’s Area 4, offshore Mozambique, hold more than enough gas to feed 90 mtpa of LNG liquefaction capacity, there are doubts whether there is the demand to support these expansions.
The economic slowdown in China, nuclear restarts in Japan and cheap coal means the outlook for LNG demand in Asia, the target market for Mozambique LNG, is sluggish. Demand for LNG fell by 1% in China in 2015, following years of double-digit growth, according to consultancy Wood Mackenzie. Demand in Japan fell by 4% and in South Korea by 11%. The outlook for the next few years looks just was weak.
Japanese utilities have announced plans to build around 10 GW of new coal-fired power stations to cut reliance on LNG. The government has also committed to bringing nuclear reactors back online, with nuclear expected to account for more than 25% of the country’s energy mix by 2030. However, there is still widespread public opposition to nuclear, which could delay restarts.
South Korea has 16.5 GW of new coal-fired power capacity under construction. In addition, 5.6 GW of new nuclear capacity is expected to come online over the next five years, which will eat into LNG consumption
In China, LNG imports will have to compete against new pipeline imports and rising domestic gas production.
Against this sluggish growth, global LNG production capacity increased by 4 mt in 2015 to 250 mtpa.  This year an additional 42.3 mtpa to the capacity will go into operation worldwide, if all projects start up as planned.
In addition FID is slated on 92.5 mtpa of capacity globally, including Anadarko’s 12 mtpa Mozambique LNG project and Eni’s 2.5 mtpa FLNG.
Given the low oil prices and the number of competing export projects proposed in Australia and the US, it will be tough for developers in Mozambique to secure FID on these current developments, let alone further project expansions within the next five years.
$40/bbl plus and the project will work
With the oil price in the low $30s, and dipping to $28 yesterday, the likelihood is that most LNG projects planning to take FID this year will be delayed.
Zitamar News understands that while FID on Anadarko’s Mozambique LNG project will have to be postponed at today’s prices, if the price of oil goes above $40/bbl and stays there the project could still reach FID in the second half of this year.
While there are still outstanding negotiations with the Mozambique government, Zitamar understands most of these are near conclusion could be swiftly resolved if the oil price signals are right.
Buyers from Malaysia, Indonesia, Thailand, Japan, China, Abu Dhabi and Brazil have expressed interested in the Mozambique LNG. Zitamar understands two buyers for the project are close to signing binding sales and purchase agreements on LNG offtake, and two or three others are looking at moving forward to binding deals.
However, the sharp drop in oil prices means the free cash flow for the six companies looking to invest equity in the 12 mtpa plant has shrunk dramatically. Anadarko’s market capitalisation now stands at $16 billion, while its flagship LNG project is estimated to cost in excess of $25 billion.
Sustained low prices and high project costs may mean the US independent  is increasingly vulnerable to a takeover bid. There are fresh rumours in Maputo that ExxonMobil is looking at a takeover of the company. With Exxon at the helm, it may be easier to push the project over the finish line, even if prices stay low.
Anadarko holds a 26.5% in Offshore Area 1, Mitsui  holds 20%, Thailand’s PTTEP holds 8.5%, India’s state-owned Oil India Limited holds 4%, ONGC Videsh holds 16%, Bharat PetroResources holds 10% and Mozambique’s national oil company, ENH, holds 15%.

sábado, 2 de enero de 2016

Mozambique trata de aumentar su capacidad de generación eléctrica.

Mozambique trata de aumentar su capacidad de generación eléctrica.

La construcción de cinco nuevas presas hidroeléctricas en Mozambique y la ampliación de las instalaciones de Cahora Bassa aumentarán el potencial de producción energética del país en unos 3.600 megavatios, lo que implica inversiones con un coste superior a los 7 mil millones de dólares. El consumo de energía en Mozambique crece a una tasa promedio anual de 82 megavatios (alrededor de 14 %), según el Ministerio de Planificación y Desarrollo (MPD). La expansión del sector de la energía es uno de los grandes retos económicos de Mozambique, lo que explica que en el Plan Quinquenal de Gobierno 2015-20019 se prioricen diversos proyectos de generación de energía. 

En el caso de la provincia de Tete van a comenzar las obras de la hidroeléctrica de Lupata, con un potencial de generación de 416 megavatios, lo que requerirá una inversión de alrededor de 1,072 millones de dólares. La ejecución de las obras la va a llevar a cabo un consorcio de empresas registradas en las Islas Mauricio, Hydroparts Holding y Cazembe Holding, así como la eléctrica estatal Electricidad de Mozambique y Sonigal    

También en la provincia de Tete, a lo largo del río Zambezi, se quiere construir la presa hidroeléctrica de Boroma, que tendrá una potencia instalada de 210 megavatios. Las obras las van a llevar a cabo las empresas Rutland Holding, de Mauricio, EdM y Sonigal, con una inversión prevista de 572 millones de dólares. 

Asimismo existe el proyecto de construir la presa Mphanda Nkuwa, a unos 70 kilómetros al noreste de la ciudad de Tete y 61 kilómetros al sureste de la presa de Cahora Bassa. Este proyecto tendría un potencial de generación de 1.500 megavatios, con un coste estimado de 4200 millones de dólares. Este proyecto ya ha sido adjudicado en un 40% a la brasileña Camargo Correa, en otro 40% a la mozambiqueña Insitec y en un 20% a EDM. Se prevé que la presa esté operativa en 2017. 

El Plan Quinquenal de Gobierno 2015-20019 prevé también la construcción de la central Hidroeléctrica Lurio en Nampula, con una capacidad de generación estimada en 180 megavatios y un coste de 480 millones de dólares. No obstante por ahora el proyecto no cuenta con financiación. 

Mozambique tiene actualmente una capacidad de producción de unos 2.300 megavatios de energía. La central de Cahora Bassa (HCB) es la instalación que produce una mayor cantidad de electricidad en el país. Gran parte de la producción de la presa (alrededor del 75 por ciento) se exporta, sobre todo a Zimbabwe y Sudáfrica, un país cuya empresa nacional de energía Eskom, tiene un acuerdo con HCB para la compra anual de 1.100 megavatios, válido hasta 2029.
 Fuente: Macauhub.