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Mozambique Overview

Mozambique

in figures

Gas Reserves2.83 tcm

Gas Production4.22 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 international oil companies, each ready to tackle the bottlenecks standing in the way of vast hydrocarbons wealth. Sasol expects to produce first oil in the country by 2019-2020. Recent exploration and production activities in Areas 1 and 4 in the Rovuma Basin are particularly important.

The Coral discovery, located approximately 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 early December 2017, Eni secured about USD 4.68 billion of loans for the project. The final investment decision for Mozambique LNG, set to process natural gas from the Rovuma Basin Area 1 in Cabo Delgado, is expected in Q2 2018.

For an even more comprehensive view of Mozambique’s hydrocarbons sector, see our business intelligence platform TOGYiN. TOGYiN features profiles on companies and institutions active in Mozambique, and it provides access to all our coverage and content, including our interviews with key players and industry leaders.

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Mozambique concession areas and operators 2019

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Mozambique LNG sees FID

Mozambique LNG sees FID

June 19, 2019

Anadarko Petroleum has reached a long anticipated final investment decision on the Mozambique LNG project, the company announced…

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Diversity in Energy Summit News
Steve Wilson, Anadarko Mozambique
March 18, 2019

Steve 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…

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Mozambique gas block FID by April
February 11, 2019

Mozambique’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…

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Mozambique LNG seals purchase deals
February 06, 2019

Mozambique 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…

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Neusa Ferreira MARCELINO, Mozambique, Malawi, Zambia, Zimbabwe Cluster Managing Director of CMA-CGM

Neusa 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…

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José Manuel CALDEIRA, Senior Partner, Founder of SAL & CALDEIRA ADVOGADOS

José 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…

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