Energy major Eni plans to invest up to $3 billion in local content development in Mozambique over the lifecycle of its Coral LNG project, according to Simone Santi, President of the Mozambique-Italy Chamber of Commerce. The company will drive this investment through its Coral LNG development, which is already producing LNG through the Coral Sul FLNG vessel and is preparing to launch its second FLNG facility.
Italian companies already have a strong presence in Mozambique’s gas sector and are delivering tangible opportunities for the local population. Santi explained that Coral FLNG is operated by Eni and is already exporting gas, showcasing the company’s commitment to the country’s development.
With over 150 trillion cubic feet of proven natural gas reserves, Mozambique has cemented its position as one of Africa’s most attractive LNG investment destinations. The Rovuma Basin has emerged as a focal point for major offshore projects that are set to transform the country into a southern African gas hub.
Marcelina Mataveia, National Energy Director at the Ministry of Mineral Resources and Energy, Mozambique, highlighted significant milestones achieved in recent years, with the Coral Sul project placing Mozambique on the global LNG market. She noted that upcoming projects including Rovuma LNG, Mozambique LNG, and Coral Norte will expand the country’s capacity from 3.4 million tons per annum to nearly 38 million tons per annum.
Technip Energies continues to play a central role in Mozambique’s LNG landscape, leveraging its global expertise in engineering, procurement, and construction. Julien Larour, Managing Director Mozambique and Head of Business Development East Africa at Technip Energies, confirmed the company’s participation in future projects in Mozambique.
Halliburton is also advancing drilling and field development services in Mozambique’s Rovuma Basin, providing technology solutions that enable efficient well delivery while supporting knowledge transfer to local professionals. Sana Donald, Senior Business Development Manager, Sub-Saharan Africa at Halliburton, outlined the company’s four key pillars: developing and hiring people, identifying and working with local companies, corporate social responsibility initiatives with universities, and establishing appropriate infrastructure.
Florival Mucave, President of the Mozambique Oil & Gas Chamber, emphasized the critical role natural gas plays in the country’s economy, stating that natural gas is the energy for Mozambique’s transition and will help minimize energy poverty challenges.
Beyond natural gas, Mozambique offers abundant hydropower potential and is scaling up solar and wind projects to achieve its target of 20% renewables in the national energy mix by 2040. Carlos Yum, Director of the Mpanda Nkuwa Hydropower Project Office, revealed that over the next ten years, the country will have more than 3,000 MW of hydropower and 1,500 MW of gas capacity, providing a new vision for promoting industrialization.
Source: energycapitalpower.com