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Mozambique Overview

Mozambique

in figures

Gas Reserves2.83 tcm

Gas Production6 bcm

Mozambique: Emerging Gas Market

Recent offshore discoveries have rapidly changed the fortune of Mozambique. Once a hydrocarbons backwater, the country now has the potential to become one of the world’s largest LNG exporters. In order to achieve this goal, reforms need to be made, both to hydrocarbons legislation, as well as to transport and infrastructure. To improve geological understanding of the country’s resources, the National Petroleum Institute commissioned a 2D-seismic survey of up to 19,000 kilometres offshore. Spectrum began collecting data, which will be used in future licensing rounds, in December 2017.

The industry continues to draw massive interest from IOCs, each ready to tackle the bottlenecks standing in the way of vast hydrocarbons wealth. Sasol expects to produce first oil in the country in 2020. Recent E&P activities in Areas 1 and 4 in the Rovuma Basin are particularly important.

The Coral discovery, located 240 kilometres northeast of Pemba in the Rovuma Basin Area 4, is operated by Eni East Africa, which plans to construct a floating LNG vessel on the site by 2021. In late 2017, Eni secured about USD 4.68 billion of loans for the project. The FID for Mozambique LNG, set to process natural gas from the Rovuma Basin Area 1 in Cabo Delgado, was reached in June 2019.

Interview
Mozambique - June 25, 2020

Jos Evens, general manager and chair of ExxonMobil Moçambique, talks to The Energy Year about the country’s role in the…

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Bertrand Noyelle Saipem Mozambique
Interview
Mozambique - June 17, 2020

Bertrand Noyelle, managing director of Saipem Mozambique, talks to The Energy Year about Covid-19’s impact on Area 1 and Area…

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Mozambique books

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Mozambique LNG secures $15 billion
NEWS
Mozambique - May 26, 2020

The Total-led Mozambique LNG project has secured USD 15 billion in financing, reflecting continuing investor confidence in the…

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Chivambo Mamadhusen GRUPO VIDERE
Interview
Mozambique - May 26, 2020

Chivambo Mamadhusen, CEO of Grupo Videre, about the impact of the emerging Covid-19 crisis on Mozambique’s energy industry and…

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Mozambique concession areas and operators 2019

Mozambique maps

Mozambique concession areas and operators 2019

ALL MAPS
Vickey Puncheon Quinta Essencia
Interview
Mozambique - May 26, 2020

The Energy Year talks to Vickey Puncheon, CEO of Quinta Essência, about incentives for SMEs in Mozambique to weather the…

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Interview
Mozambique - May 26, 2020

Andrew Schnitzer da Silva, CEO of Ascending, talks to The Energy Year about why Africa is positioned to attract investment as…

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Jacinto Mutemba Belutecnica
Interview
Mozambique - May 25, 2020

Jacinto Mutemba, chairman and CEO of Belutécnica, talks to The Energy Year about how client behaviours have changed since the start of the pandemic and how…

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Interview
Mozambique - May 11, 2020

David Scheepers, CEO of Capital Star Steel, talks to The Energy Year about the Mozambican government’s efforts to combat the spread of Covid-19 in the country and…

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Interview
Mozambique - May 11, 2020

Miguel Rodrigues Murargy, CEO of Sintagma Holding, talks to The Energy Year about Mozambique’s preparedness to face the Covid-19 crisis and opportunities for local…

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Interview
Mozambique - May 11, 2020

Ben Holland, head of oil and gas at Standard Bank Mozambique, talks to The Energy Year about how the bank’s role is likely to evolve in the midst of the Covid-19…

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