The Coral Sul floating platform, located off the coast of northern Mozambique’s Cabo Delgado province, has exported 4.48 million tonnes of Liquefied Natural Gas (LNG) between November 2022 and June 2024, through 63 shipments.
Mozambican President Filipe Nyusi announced these figures during his annual state of the nation address to the Mozambican parliament, the Assembly of the Republic (AR), on Wednesday.
Nyusi highlighted this achievement as the fulfillment of a long-held national aspiration and a significant step in positioning Mozambique as a key player in the global energy market.
The Coral Sul floating LNG project, anchored in Area 4 of the Rovuma Basin, began production in November 2022, supplying gas primarily to European and Asian markets.
“A central element of our strategy has been the emphasis on creating added value and diversifying the economy,” Nyusi stated. He also noted that a cooking gas refinery with a capacity of 30,000 tonnes per year is nearing completion.
The President mentioned that the country’s first cooking gas production unit, located in Temane, Inhassoro district, Inhambane province, is expected to start operations next year, with an annual capacity of 23 million gigajoules of gas.
This refinery is anticipated to meet around 70% of Mozambique’s domestic gas needs, with potential for export to neighboring countries.
In addition, the Mozambican government has been in discussions with international agencies funding LNG operations in Cabo Delgado to update financing terms and resume projects that were halted in 2021 due to terrorist attacks in Palma town.
The onshore LNG project, led by French company TotalEnergies, represents the largest foreign investment in Mozambique, valued at $23 billion.
