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Mozambique has officially started exporting liquefied natural gas (LNG) produced in the country’s north which is plagued by jihadist attacks
Mozambique has officially started exporting liquefied natural gas (LNG) produced in the country’s north which is plagued by jihadist attacks.
President Filipe Nyusi in a recent statement said that the first shipment of gas under a long-term purchase and sale contract was with British giant BP. The off-shore plant located in Cabo Delgado Province is managed by the Italian energy company Eni.
The start of first export of Liquefied Natural Gas (LNG), was mined out from the Rovuma, in Mozambique, by the Coral Sul FLNG Project. The president revealed that the British Sponsor ship departed Mozambican waters for the international market.
Mozambique has set high hopes for vast natural gas deposits — the largest ever found in Sub-Saharan Africa. It was discovered in the northern Cabo Delgado province in 2010. Analysts say Mozambique offers a stable, transparent, and predictable environment for the realization of multi-billion investments, where high technology stands out in order to monetize resources in a phase of the energy transition, therefore it must bring pride to all Mozambicans.
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Once tapped, Mozambique could become one of the world’s 10 biggest exporters of hydrocarbon. According to the BP 2021 Statistical Review of World Energy, Africa is home to over 620 trillion cubic feet of natural gas reserves. Through the production of LNG for domestic use and export, leaders hope to support industrialization schemes.
