Claudio Francisco, general manager of ENGCONSULT, talks to The Energy Year about the company’s involvement and strategy in Angola’s oil and gas sector and its plans…
READ MOREMozambique's Energy Industry
in figures
Gas reserves5.1 tcm
Gas production6 bcm
Mozambique: Emerging Gas Market
Mozambique’s oil and gas industry has greatly grown in significance with the discovery of major offshore gas plays beginning in 2010. Continued finds and investment have fast tracked the nation towards its potential of being the third-largest global LNG supplier, with operators TotalEnergies, Eni and ExxonMobil leading the charge through massive development of upstream and associated facilities. Mozambique traditionally only produced gas from its onshore plays operated by South Africa’s Sasol. The country produces no oil and is reliant on imports.
The African nation has worked hard to streamline policies and break down bottlenecks in meeting its immense capacity potential. However, security issues and economic factors have largely held back massive development, with many projects put on hold. Government involvement in hydrocarbons operations is done through local NOC Empresa Nacional de Hidrocarbonetos, which is a necessary stakeholder in all oil and gas operations. Upstream E&P concessions are handed out and overseen by state-body National Petroleum Institute, which has been active in carrying out seismic studies to expand the country’s investment potential.
“LNG offers a huge economic, but arguably more importantly a development opportunity, for Mozambique. The Rovuma Basin alone has the capacity to boost Mozambican GDP by up to USD 18 billion per annum.” Managing Associate Nuno Manshilha and Trainee Lawyer Miguel Couto at CMS Portugal told The Energy Year.
“The projects offer the potential to create over 300,000 employment opportunities alone, and in order to meet the mega-project’s needs, Mozambique will have to improve their water, road and electricity infrastructures, adding to the development benefits of these types of projects.”
Galp Energia has confirmed more than 10 billion barrels of oil equivalent at the Mopane discovery offshore Namibia.
READ MOREThe ExxonMobil-led Rovuma LNG project in Mozambique has taken a step forward with a bid process for subsea works.
READ MOREChina's CNOOC has entered Mozambique with the award of five offshore exploration blocks.
READ MOREMozambique tripled its income from LNG sales to USD 1.7 billion in 2023.
READ MOREExxonMobil has launched a tender for EPC services for camp construction at the Rovuma LNG project in Mozambique.
READ MOREJanice Faria of Enagol talks about the company’s involvement in Angola’s upstream sector.
READ MORE-
A new era for the Lobito terminal
INTERVIEW
Most popular
Dr. Kayode Thomas, CEO of Bell Oil & Gas, talks to The Energy Year about the advantages of composite pipes over conventional ones, the company’s main expansionist…
READ MOREThe year is off to a great start for the Mozambican LNG projects as the Coral-Sul FLNG vessel to be used in Area 4 of the Rovuma Basin has just arrived in the country.…
READ MOREMeridian Group of Companies CEO Charles Addo, COO William Mould and CEO of the Energy Division Muhammad Zaman talk to The Energy Year about the critical role of gas…
READ MOREOsam Iyahen, director of natural resources investments for the Africa Finance Corporation (AFC), talks to The Energy Year about how African nations can best approach…
READ MOREAlberto Mendes, co-president of Grupo Simples, talks to The Energy Year about the future of Angola’s oil and gas industry and why Grupo Simples is transitioning to…
READ MOREJoseph Amuzu, CEO of Zodiac Marine Services, talks to The Energy Year about the company’s activities and plans for capacity expansion, as well as dynamics in the…
READ MOREAlan Glyn-Cuthbert, general manager of Petrowork Solution, talks to The Energy Year about how the Local Content Law can support growth in the domestic oil and gas…
READ MOREAli El Ali, managing director of Zakher Marine International (ZMI), talks to The Energy Year about the prospects for Abu Dhabi’s new upstream expansion projects and…
READ MORERicardo Do Amaral, general manager of Octomar, talks to The Energy Year about the importance of developing a local workforce and the latest on the company’s strategy…
READ MOREWHOSE PLATFORM IS THIS?
ASK US
- Do you have a question for The Energy Year about oil and gas?
- If we know, we’ll tell you.
- If not, we’ll ask the experts in the field.