Thursday, April 25, 2024
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First LNG export will take place between October and November – INP

The information was given to Reuters by the National Petroleum Institute (INP), at a time when Europe is facing a gas supply crisis.

Citing Welligence Energy Analytics, Reuters reports that the BP.L LNG tanker from England has already arrived off northern Mozambique.

“Regarding LNG exports, it will be to European markets as BP is committed to bringing gas resources to Europe,” INP said in an emailed response to Reuters.

All of South Coral’s annual gas production – 3.4 million tons – has been contracted to BP for 20 years.

The shipment of Mozambican LNG will help ease gas shortages in Europe as winter approaches following Moscow’s invasion of Ukraine in February and Russia’s subsequent decision to reduce supplies to major European Union economies.

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