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Mozambique to sign gas project accord with Italy’s Eni on Thursday – Florival Mucave
8:28 CAT | 01 Oct 2025
FILE - For illustration purposes only. [File photo: Eni]
The Mozambican government and Italian oil and gas giant Eni are set to sign a financing agreement on Thursday for a second liquefied natural gas project, Florival Mucave, president of the Mozambique Energy Chamber, said Tuesday.
The project, called Coral Norte, involves the installation of a floating LNG plant and represents an investment of around $8 billion, according to Mucave.
He was speaking at a roundtable discussion during African Energy Week in Cape Town, an annual gathering of oil and gas industry players on the continent.
Eni already operates a floating offshore LNG facility in the same Rovuma basin, off the coast of Cabo Delgado province in the north of the country, which began exporting in November 2022.
Mozambique is also awaiting the resumption of an LNG project led by TotalEnergies, which was halted in the wake of a bloody jihadist attack in 2021.
“We hope and are almost certain that before the end of this year, we’ll have Total lifting the force majeure and going back to Mozambique with an investment of $20 billion,” Mucave said.
He said he was also confident that ExxonMobil would sign by the end of 2026 an agreement to invest $7 billion in another LNG project in the same region.
These projects “could make Mozambique one of the world’s top 10 producers (of gas), contributing 20 percent of African production by 2040,” according to a 2024 report by audit firm Deloitte.
READ: Mozambique, Angola and Equatorial Guinea take spotlight at African Energy Week
Mozambique: MozParks and ENI for the development of Cabo Delgado
Source: AFP
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