Mozambique 2024: LNG Resumption, Cabo Delgado Security, and Post-Conflict Recovery
TotalEnergies is signalling LNG project resumption as Cabo Delgado security improves. With Eni's Coral FLNG operational, Mozambique is beginning the energy export transformation that could make it sub-Saharan Africa's fourth-largest LNG producer.
Mozambique's energy transformation is proceeding on two tracks. Eni's Coral South FLNG vessel, moored offshore in the Rovuma Basin, has been producing and exporting LNG continuously since 2022, with BP contracted to purchase the full 3.4 million tonne annual output. On the second track, TotalEnergies's onshore $20 billion LNG project at Afungi, suspended since the April 2021 Palma attack, is moving toward resumption as Rwandan and Mozambican security forces, aided by SADC Mission in Mozambique, have significantly improved the security situation in Cabo Delgado province.
Broader Economic Impact
LNG revenues at full production would generate $5 billion or more annually in government income, transforming Mozambique from a heavily aid-dependent economy to an energy exporter with fiscal capacity for development investment. Agricultural exports, including sesame, cashews, and cotton, continue growing. The Beira and Nacala ports serve as trade gateways for Malawi, Zambia, and Zimbabwe. Businesses in Mozambique's LNG supply chain or regional trade can access market contacts on intra-africa.com.
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