On June 11, Mozambican President Daniel Francisco Chapo met with Claudio Descalzi, CEO of Eni, in Maputo to review ongoing and future collaborations in liquefied natural gas (LNG), agribusiness, and sustainability.
The meeting celebrated the success of the Coral South Project, which, according to the International Monetary Fund, accounted for 50% of Mozambique’s GDP growth in 2023 and is projected to drive 70% of the country’s growth in 2024.
Discussions also focused on the newly approved Coral North floating LNG project, which will expand natural gas production in the Rovuma Basin.
Additionally, Eni shared plans to launch a biofuel-centered agribusiness initiative aimed at promoting rural development and creating jobs.
Eni reaffirmed its broader commitment to Mozambique through carbon offset programs, including clean cooking initiatives and REDD+ (Reducing Emissions from Deforestation and Forest Degradation) projects, all designed to support sustainable development across the country.
