It is all coming together, finally, for Mozambique.
- A second Floating liquefied Natural Gas LNG project is in planning stage to monetise the deepwater reserves in the twin Coral fields in Area 4 licence
- An integrated oil and gas project to extract more volume from the onshore hydrocarbon fields in the Inhambane province is heavily under construction
- Most crucially, is the return to work on a massive LNG project to drain a large swath of deepwater gas in Area 1.
Then there is the mammoth, LNG project in Area 4. The conversations around it are rather muted. When it comes, it comes.
It has been a full year now (November 13, 2022), since the first cargo of the 3.4Million tonne per annum (3.4MMTPA) capacity Coral South (Coral Sul) FLNG, left Mozambican shores for the global market.
Mozambique has made more than a tiny penny from the rent.
The ENI operated facility had delivered $34Million into the Mozambican treasury by mid-May 2023, six months after that historic first cargo.