Oil prices are falling as investors wait to see if Israel will retaliate to Iran’s attack. West Texas Intermediate (WTI), traded in New York, fell 0.52% to 84.91 dollars a barrel, while North Sea Brent, the benchmark for European imports, fell 0.4% to 89.66 dollars a barrel.

Israel has said that it will respond to Tehran’s attack, despite calls from the West and Middle Eastern countries for restraint, but has not released any details about the type of retaliation that might be involved.

“Tensions are expected to remain contained, avoiding a wider conflict that could cause shortfalls in oil supplies,” said Han Zhong Liang, an analyst at Standard Chartered, speaking to Bloomberg.

Regasified Liquefied Natural Gas (LNG-R) transported through the Mozambique-Secunda Pipeline (MSP) by ROMPCO (Republic of Mozambique Pipeline Investments Company) is a viable alternative for South African industrial clients, said Motlokwe Sebake, the company’s head of corporate and commercial affairs.

According to the news portal Engineering News, LNG is natural gas that has been cooled to a liquid state to make it easier to transport and store. It can be regasified at the point of use and burned as a fuel for electricity generation, heating or industrial processes. LNG-R has several advantages over pipeline gas, including reduced emissions, greater flexibility and lower infrastructure costs.

ROMPCO, a joint venture between the governments of South Africa and Mozambique and Sasol, operates an 865-kilometer pipeline that transports natural gas from the Pande and Temane fields in Mozambique to markets in both countries.

Motlokwe Sebake explained that the pipeline supplies around 90% of South Africa’s gas demand, mainly for industrial use. However, the supply of gas from Pande and Temane is expected to decrease in the coming years due to the depletion of the fields.

To meet this challenge, ROMPCO is considering connecting LNG from the Matola terminal in Mozambique to the ROMPCO pipeline. The Matola terminal, which is being developed by Beluluane Gas Company (BGC) and TotalEnergies, will have a floating storage and regasification unit (FSRU) with a capacity of two million tons per annum (MTPA) of LNG.
“The connection of Matola’s LNG supply to the ROMPCO pipeline will increase the security of South Africa’s energy supply and ensure that the MSP is used to its maximum capacity, given the decline of the Pande and Temane fields,” commented Motlokwe Sebake.
ROMPCO’s LNG-R is an attractive option for South African industrial customers and can complement South Africa’s efforts to make the transition to a low-carbon economy and increase its energy security.

Galp Moçambique is sponsoring the first edition of the LPG Expo in Maputo, which takes place on April 17th and 18th. The exhibition puts Liquefied Petroleum Gas (LPG) at the center of discussions on sustainable and safe energy alternatives.

According to a statement released by Diário Económico on Tuesday (16), the event reflects Galp’s commitment to sustainable development by promoting the replacement of biomass with less polluting energy sources. The use of LPG represents a significant step forward in improving air quality and protecting the environment, reducing dependence on coal and firewood, which still predominate in Mozambican homes.

Galp’s investment in LPG not only promotes public health, but also seeks to reduce greenhouse gas emissions and combat deforestation. The company has made strategic investments in the LPG value chain over the years.

At the event, which is considered the most influential in the sector in the southern region of the African continent, Galp will demonstrate the versatility of its offer and its investment in innovation. Highlights in the company’s portfolio include the new Pluma bottles, which are considerably lighter than the traditional ones, and the Pluma Inteligente, which, connected to a mobile app, allows for more effective control of consumption.

“With this initiative, which is taking place in Mozambique for the first time, we want to show the diversity and innovation of our services.
It is an opportunity to solidify our presence in the market and reinforce our commitment to sustainable development,” said Paulo Varela, CEO of Galp Mozambique.
The first edition of LPG Expo in Southern Africa promises to be a decisive event for the future of the LPG market, bringing together more than 40 exhibitors and around two thousand regional participants, with the aim of promoting new opportunities and trends in the energy sector.