LNG glut smaller than predicted: Bloomberg

LNG tanker (archives)

nsnbc : Research by Bloomberg has found that the global oversupply of liquefied natural gas (LNG) will be one third less than expected. A positive development for Mozambique, a country that is poised to become the world’s third largest LNG exporter next after Qatar and Australia. LNG tanker (archives) Bloomberg found that demand is growing at More...

by nsnbc | Published 1 week ago
Lattice Semiconductor_Oregon_USA_archives
By nsnbc On Thursday, September 14th, 2017

Trump blocked Chinese acqusition of Lattice Semiconductor on national security grounds

nsnbc : U.S. President Donald Trump, on Wednesday, blocked the Chinese government-financed firm Canyon Bridge Capital Partners from acquiring the Oregon based Lattice Semiconductor. Trump invoked national security More...

Belgium_Zeebrugge container terminal_APM_Cosco_2017
By nsnbc On Tuesday, September 12th, 2017
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Chinese Cosco now owns entire container terminal in Belgian port of Zeebrugge

nsnbc : The Chinese Cosco Shipping has become the sole owner of container terminals including former APM terminals in Belgium’s West Flemish port of Zeebrugge. The news came in a press release issued by APM More...

By nsnbc On Friday, September 8th, 2017

Exports from Mozambique to China increased by 28.08 percent but not enough to balance trade deficit

nsnbc : Exports from Mozambique to China increased by 29.08 per cent to 309 million US dollars over the first seven months of 2017, compared with the same period in 2016. However, a large trade deficit with China More...

A delicate building balance. Shutterstock
By nsnbc On Wednesday, September 6th, 2017

Why China’s audacious building plans could be a major strain on African economies

Ricardo Reboredo (TC) : It has been described by Chinese president Xi Jinping as the “project of the century”. And the One Belt One Road (OBOR) initiative is certainly ambitious. A massive infrastructural development More...

Mozambique_Offshore gas_(archives)
By nsnbc On Saturday, September 2nd, 2017

Coral South LNG project expected to yield US$16 billion over 30 years

nsnbc : Mozambique expects to raise US$16 billion in revenues from the South Coral liquefied natural gas project in the province of Cabo Delgado said Fabio Castiglioni, director general of the Italian oil company More...

By nsnbc On Monday, August 28th, 2017

NKOREAN tour agency in Moscow turns out to be Russian – maybe

nsnbc : The NKOREAN tour agency branch based in Moscow and reportedly licensed by the North Korean government in Pyongyang turned out to be Russian – probably. On Friday Irina Tyurina, spokeswoman of the Russian More...

Photo courtesy BelTa
By nsnbc On Wednesday, August 23rd, 2017

Academy of Sciences presents first Belarusian electric car

nsnbc : The National Academy of Sciences of Belarus (NASB) has presented the first Belarusian electric car. The event took place at the national proving ground for mobile vehicles of the NASB’s Mechanical More...

Mærsk oil and gas sold to Total_France_Denmark_2017
By nsnbc On Tuesday, August 22nd, 2017

Total buys Maersk in 5.7 billion pounds deal

nsnbc : French energy giant Total, on Monday, announced that is was buying Danish Mærsk’s oil and gas business as part of a $7.45 billion (5.7 billion pounds) deal. With the oil market showing signs of recovery, More...

Sovereign Fund to fire up Mozambican development and national wealth?
By nsnbc On Monday, August 21st, 2017

Mozambican government mulls Sovereign Fund for development projects – again

nsnbc : The government of Mozambique will soon – after some delay – establish a sovereign fund to build reserves to finance national development projects. Sovereign Fund to fire up Mozambican development More...