ThThese figures, revealed in the Bank of Mozambique’s (BdM) statistical report, highlight a significant increase of 218% compared to 2022, when exports reached 541.6 million dollars.
The growth was driven by the start of operations in Area 4, led by Mozambique Rovuma Venture (MRV), a joint venture made up of ExxonMobil, Eni and CNPC (China), which holds a 70% stake in the concession contract.
The prospect of a second floating platform project, Coral Norte, by Eni, underlines the ongoing commitment to the development of the sector. This project, estimated at seven billion dollars, is currently being negotiated with the government and could start production as early as the second half of 2027. Coral Norte, located 10 kilometers north of Coral Sul, is expected to bring an additional boost to the Mozambican economy, capitalizing on the vast reserves of the Rovuma basin.
The explosive growth in natural gas exports positions Mozambique as an important player in the global energy market, highlighting the country’s significant potential for sustainable development and continued economic growth.
Natural gas exports reach 1.7 billion dollars in 2023
Noticias Relacionadas
Government speeds up certification for new coal project in Zumbo
The Mozambican government is speeding up the administrative processes...
Mozambique could see expansion of LNG production with Eni’s new Coral Norte project
Italian multinational Eni is awaiting approval from the Mozambican...
Mozambican government confirms renewal of Kenmare’s license to explore heavy sands at Moma
Kenmare Resources announced on Thursday (17) that its operating...
Coral North: Eni’s new gas project receives support from Japan in Cabo Delgado
The Coral North FLNG project, developed by the Italian...
