Gerry C. Brooks, chairman of The National Gas Company of Trinidad and Tobago Limited (NGC), talks to TOGY about how the financial performance and outlook of the company…
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.”
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's end.
READ MOREGalp 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 MOREJohn Malcolm, executive managing director of Oman Oil Company Exploration and Production (OOCEP), talks to TOGY about the company’s partnerships with BP and Eni, as…
READ MOREA new wave of oil and gas exploration in Mozambique will see investments of at least USD 900 million, the country’s mineral resources minister said on…
READ MOREPedro Omontuemhen, partner and Africa oil and gas industry leader at PwC Nigeria, talks to TOGY about the outlook for the country’s downstream sector, natural gas…
READ MOREMiguel Pereira, CEO of Petrogal Brasil and country manager for Galp in Brazil, talks to TOGY about the company’s upstream operations, the potential of the BM-S-11…
READ MOREAndrew Ejayeriese, president of Nigerian Association of Petroleum Explorationists (NAPE), talks to TOGY about the untapped potential for gas in Nigeria, how the country…
READ MOREAlfredo Jones, managing director of Alduco Engineering Services, talks to TOGY about the benefits of hiring local services providers, access to financing and local…
READ MOREAnadarko Petroleum has received government approval for its development plan for the Golfinho/Atum gasfield in Area 1 offshore Mozambique, the US independent announced…
READ MOREEquatorial Guinea and Mozambique will work together in oil and gas industry matters, local media reported over the weekend.
Mozambique’s Minister of Mineral…
READ MOREThe JV partners in the Mozambique Area 1 LNG project have struck a long-term sale and purchase agreement with Électricité de France (EDF), partner Anadarko Petroleum…
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