Rovuma exports inch closer
Eni's project in Mozambique should soon get the official go-ahead. Tanzania's progress is much slower
Once upon a time, the development of gas resources in the Rovuma basin was seen as a race between Mozambique and Tanzania. Today, Mozambique has all but sealed the win with a floating liquefied natural gas project almost ready to get a final investment decision. Beyond that, there is little certainty on the projects either side of the maritime border. The Eni-operated Coral South Floating LNG project benefits from being almost entirely offshore, including having won an exemption from needing to supply any gas to Mozambique. Instead, its entire 3.4m tonnes a year of output has been bought by BP over a 20-year period. First gas is targeted for 2023. A consortium of Technip, JGC, and Samsung He
Also in this section
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy