Mozambique has officially started exporting liquefied natural gas (LNG) produced in the north of the country which is plagued by jihadist attacks.
President Filipe Nyusi made the announcement on Sunday 13 November. This is the first shipment of gas under a long-term purchase and sale agreement with British giant BP. The offshore plant located in the province of Cabo delgado is managed by the Italian energy company Eni.
“It is with great honor that I announce the start of the first export of liquefied natural gas (LNG), produced in Rovuma, Mozambique, by the Coral Sul FLNG project. The British sponsor vessel leaves Mozambican waters for the international market.”
Mozambique has high hopes for the vast deposits of natural gas – the largest ever discovered in sub-Saharan Africa – which were discovered in the northern province of Cabo Delgado in 2010.
“The completion of this international venture is a sign of market recognition that Mozambique offers a stable, transparent and predictable environment for making multi-billion investments, where high technology stands out to monetize resources in a phase of transitional energy, so it should be the pride of all Mozambicans.”
Once exploited, Mozambique could become one of the world’s top 10 exporters.
According to BP 2021 World Energy Statistical Review, Africa is home to more than 620 trillion cubic feet of natural gas reserves. Through the production of LNG for domestic use and for export, leaders hope to support industrialization schemes.