Mozambique: Government collects $235M from gas shipments since 2022

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Mozambique: Government collects $235M from gas shipments since 2022

9:48 CAT | 24 Sep 2025

FILE - "In the area of hydrocarbons, the gains from the Coral South FLNG Project stand out, which began production in 2022 and has already consolidated its success with the export of 120 shipments of Liquefied Natural Gas and 17 of condensate to the international market, generating more than US$235 million in revenue," said, in a statement, the Ministry of Mineral Resources and Energy, which was meeting on Monday and Tuesday in a Coordinating Council. [File photo: Ministério dos Recursos Minerais e Energia - MIREME]

Mozambique has already collected US$235 million in revenue from 137 gas shipments abroad since 2022, the government announced, highlighting the country’s role in supplying clean energy.

“In the area of hydrocarbons, the gains from the Coral South FLNG Project stand out, which began production in 2022 and has already consolidated its success with the export of 120 shipments of Liquefied Natural Gas and 17 of condensate to the international market, generating more than US$235 million in revenue,” said, in a statement, the Ministry of Mineral Resources and Energy, which was meeting on Monday and Tuesday in a Coordinating Council.

It adds that with gas exports, Mozambique is establishing itself globally as an important player in the supply of clean energy.

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Mozambique has three approved development projects for the exploration of natural gas reserves in the Rovuma basin, ranked among the largest in the world, off the coast of Cabo Delgado. In addition to the one operated by Eni, the only one in production, there is also Mozambique LNG (Area 1), operated by TotalEnergies, with up to 43 million tonnes per annum (mtpa), and Rovuma LNG (Area 4), operated by ExxonMobil, with 18 mtpa, both in the development phase.

In 2024, a study by the consulting firm Deloitte concluded that Mozambique’s gas reserves represent potential revenues of US$100 billion.

This year alone, even before the remaining operations come on stream, Mozambique’s estimated gas production is 5.4 billion cubic metres, making it the sixth largest producer in Africa.

Lusa reported on Monday that profits at Companhia Moçambicana de Hidrocarbonetos (CMH) fell 15% in the last fiscal year to US$46.7 million, with the state oil and gas company warning of a “sharp decline” in gas reserves.

“One of the major challenges we face will be to respond to the sharp decline in production in our Pande and Temane reservoirs in the coming years in order to maintain current performance levels,” reads the message from the CMH board of directors, led by Arsénio Mabote, in the 2024/2025 report and accounts, which ended in June.

CMH’s profits had already fallen 15.5% in the fiscal year ending in June 2024, to US$54.7 million, according to previous data from the state oil company, now adding a further decline in a period (2024/2025) also marked by a 9% decline in the company’s natural gas sales compared to the previous period.

The management justifies this decline in financial performance with “the fluctuation of oil prices on the international market, as well as operational problems at key units of the Temane processing plant” in the province of Inhambane, in the south of the country.

Source: Lusa