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Mozambique's Energy Industry

Mozambique

in figures

Gas reserves5.1 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.

Trends in Oman’s seismic services demand AGS Steve-THOMAS
Interview
Oman - March 21, 2023

Steve Thomas, managing director of Africa Geophysical Services (AGS), talks to The Energy Year about variables affecting demand…

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African producers poised as Europe seeks alternate supplies Alberto-GALHARDO-SIMÕES
Interview
Angola - March 17, 2023

Alberto Galhardo Simões, partner and head of the Lusophone Africa practice at CMS Portugal, talks to The Energy Year about the…

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Saipem to restart Mozambique LNG project
NEWS
Mozambique - March 01, 2023

Saipem has agreed to restart Mozambique’s first onshore LNG plant for TotalEnergies, the Italian oilfield services company’s…

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Mozambique becomes LNG producer with Eni’s Coral South launch
NEWS
Mozambique - November 01, 2022

Eni has launched production from its Mozambique LNG project, bringing the East African country into the league of global LNG…

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Mozambique maps

Mozambique concession areas and operators 2019

    ALL MAPS
    A strategy for sustainability TEY_post_Alberto_Figueiredo
    Interview
    Angola - October 25, 2022

    Alberto Figueiredo, CEO of Operatec, talks to The Energy Year about how the company built a strategy for sustainability after…

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    Angola’s role as a logistics hub TEY_post_Sebastien-Quedrue
    Interview
    Angola - September 14, 2022

    Sebastien Quedrue, Angola managing director for Advanced Maritime Transports (AMT), talks to The Energy Year about trends…

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    Mozambique delays 2015 bid round
    NEWS
    Mozambique - April 17, 2015

    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…

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    Partner needed in Kenya Oilfield
    NEWS
    Tanzania - July 30, 2014

    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…

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    Fausto Cruz
    Articles
    Abu Dhabi - May 01, 2013

    In November 2012, Mozambican oil company Oilmoz – Investimentos e Participações announced it had secured financing for an amount of $12 billion through a sovereign…

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