Mozambique’s Rovuma LNG project has secured government approval, ExxonMobil’s Mozambique Rovuma Venture announced on Tuesday.
The project involves construction…
READ MOREGas reserves5.1 tcm
Gas production6 bcm
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.
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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.
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READ MOREMozambique’s Rovuma LNG project has secured government approval, ExxonMobil’s Mozambique Rovuma Venture announced on Tuesday.
The project involves construction…
READ MOREJos Evens, country manager for ExxonMobil Mozambique, talks to TOGY about the company’s landmark projects in the country, the importance of a timely FID and how…
READ MORESteve Wilson, vice-president and corporate officer at Anadarko, talks to TOGY about progress on the Mozambique LNG project, the legal framework in the country and the…
READ MOREQatar Petroleum (QP) has reached an agreement with Eni to farm into Block A5A offshore Mozambique.
QP will take a 25.5% interest in the block, which covers 5,133…
READ MOREMozambique’s Rovuma gas development will see a final investment decision (FID) for Area 1 by April, the chairman of the country’s NOC said on Sunday.
Omar…
READ MOREMozambique LNG Company will sell 2.6 million tonnes per year of LNG to Centrica and Tokyo Gas Company, with deliveries starting in the 2040s.
The companies announced…
READ MORENeusa Ferreira Marcelino, the Mozambique, Malawi, Zambia and Zimbabwe cluster managing director of CMA-CGM, talks to TOGY about whether the country’s ports are ready…
READ MOREPTT Exploration and Production (PTTEP) aims to speed up the final investment decision on Rovuma Basin Area 1 in Mozambique, the company said on Wednesday.
The…
READ MOREJosé Manuel Caldeira, the senior partner and founder of Sal & Caldeira Advogados, talks to TOGY about the outlook for the hydrocarbons industry in the country and the…
READ MOREThe partners in Mozambique’s Area 4 have secured enough offtake commitments to move towards a final investment decision on Rovuma LNG, ExxonMobil and Eni announced…
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