Mozambique Records $1.7B in LNG Sales in 2023
The milestone comes as Eni and ExxonMobil announce project updates set to further grow Mozambique’s gas processing capacity.
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The milestone comes as Eni and ExxonMobil announce project updates set to further grow Mozambique’s gas processing capacity.
The recently enacted law establishes a sovereign wealth fund to manage the country’s projected $91.7 billion in natural gas exports.
The Invest in African Energy 2024 forum positions Mozambique as a benchmark for African LNG finance and development, while exploring the country’s latest projects.
Mozambique’s Port of Maputo achieved record volumes in 2023 owing to an increase in regional mineral trade.
The acquisition will see Aiteo ramp up exploration and development activities in the gas-rich block.
The agreement between Mozambique and Tanzania will see the countries co-develop a shared natural gas reservoir.
Funding from the KfW Development Bank comes as part of the Global Electricity Transition Feed-in-Tariff program that aims to improve electrification and drive IPP participation in the renewable energy sector.
TotalEnergies expects to make a Final Investment Decision on the Matola LNG import terminal in Mozambique by September 2024, the company announced.
Eni is looking at securing a rig to conduct drilling activities for the next stage of the Mozambique Area 4 project.
Mozambique President Filipe Nyusi commissioned the Negomano-Roma Road in Cabo Delgado province, enhancing the movement of goods and services with Tanzania.