- Mozambique has officially started exporting liquefied natural gas (LNG) via the Coral Sul floating LNG platform deep offshore, Cabo Delgado province.
President Filipe Nyusi made the announcement yesterday in Maputo. It is the first shipment of gas under a long-term purchase and sale contract with British giant BP. The off-shore plant located in the Cabo delgado Province is managed by Italian energy company Eni.
“It is with great honor that I announce the start of the first export of Liquefied Natural Gas (LNG), produced in the Rovuma, in Mozambique, by the Coral Sul FLNG Project. The British Sponsor ship departs Mozambican waters for the international market. ”
“The completion of this international venture is a sign of the recognition by the market that Mozambique offers a stable, transparent and predictable environment for the realization of multi-billion investments, where high technology stands out in order to monetize resources in a phase of energy transition, therefore it must bring pride to all Mozambicans. ”
Mozambique expects to earn US96 billion from the project over its life where the sovereign wealth fund is expecting to get 40% of the revenue. Read more
Author: Bryan Groenendaal
