Exploration success has raised Mozambique’s profile as an emerging leader in LNG.
According to Wood Mackenzie, the country is expected to become the largest gas producer in sub-Saharan Africa and the fourth largest in the world by the mid-2020 with a total liquefication capacity of approximately 30 metric tonnes per annum (mtpa) once LNG facilities are fully operational.
In terms of the announced project, Mozambique took the lead in Sub-Saharan Africa after Nigeria. Two LNG projects reached the final investment decision (FID) in two years.
The first FID on the Eni-led 3.4 MTPA Coral South Floating LNG project was reached on May 2017. The project is well on schedule to start production in 2022.
Total-operated Mozambique’s 12.88 million tonnes per annum (MPTA) LNG project reached FID on June 18, 2019. And Eni-Exxon Mobil-led 15.2 MTPA Rovuma LNG projects are expected to reach FID April 2020.
With positive signs reflect progress with projects, suffice to say, Mozambique is considered to be one of the East African countries that will maximize the foreign investment. In the past few years, the region has attracted the world’s largest oil and gas companies to operate in the country including French giant Total and United state Supermajor ExxonMobil.
Substantial Gas Volume
Following the discoveries of numerous gas fields that are totaling 125 trillion cubic feet(TCF) by both Italy’s company Eni and United stated company Anadarko. Most interest has focused on the offshore Deepwater Rovuma Basin in Northern Mozambique.