Mar 13, 2024 · Over the coming decade Mozambique is expected to become a major liquified natural gas (LNG) exporter due to the discovery of over 180 trillion cubic feet (TCF) of natural gas reserves in the Rovuma basin in the north of the country.

Feb 5, 2025 · TotalEnergies CEO Patrick Pouyanne stated on Wednesday that the financing for the $20 billion Mozambique Gas Project is expected to be approved by the United States in the coming weeks. Other credit agencies will follow in the following months. ... Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this ...

Dec 30, 2024 · U.S.-based Exxon Mobil, which has plans for its own gas project in Mozambique, told POLITICO it expects to make a final investment decision on its $30 billion Rovuma LNG project in 2026,...

Jan 13, 2025 · Natural gas exports are poised to drive substantial economic growth in Mozambique. The government anticipates billions of dollars in annual revenue from LNG exports, which could boost GDP, fund public services, and reduce poverty (Public Expenditure Review by …

Feb 5, 2025 · TotalEnergies SE Chief Executive Officer Patrick Pouyanne said he expects the US Export-Import bank to finish approval of $4.7 billion in financing for its Mozambique liquefied natural gas project ...

Jun 16, 2024 · The development of the Mozambique Liquified Natural Gas (LNG) Project has unfolded against the backdrop of another conflict, the same one that spurred Salama’s dash to the Afungi gate.

Mozambique consumes 64,697 million cubic feet (MMcf) of natural gas per year as of the year 2017. Mozambique ranks 82nd in the world for natural gas consumption, accounting for about 0.0% of the world's total consumption of 132,290,211 MMcf.

Feb 4, 2025 · Britain has pledged to halt new export finance to oil and gas developments in wake of COP26 in 2021. ... UK takes legal advice over pulling out of $20bn Total LNG project in Mozambique.

Mozambique's entrance into the global natural gas market is primarily anchored in its major gas fields located within the Rovuma Basin. These fields have attracted significant international interest and investment due to their substantial reserves and strategic importance.

Jul 11, 2024 · Mozambique is the world’s sixth-largest producer of natural gas and the country’s output increased by 32% in 2023, over 2022. The country accounts for 0.21% of global production, with the world’s other largest producers being the US, Russia and Iran.