{"id":28243,"date":"2022-10-22T17:03:59","date_gmt":"2022-10-22T17:03:59","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november"},"modified":"2022-10-22T17:14:20","modified_gmt":"2022-10-22T17:14:20","slug":"mozambiques-first-lng-exports-to-europe-seen-by-early-november","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november","title":{"rendered":"Mozambique\u2019s first LNG exports to Europe seen by early November"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region.<\/p>\n

BP\u2019s LNG tanker, British Sponsor, has already arrived offshore northern Mozambique, said Welligence Energy Analytics in a note, with all of Coral Sul\u2019s annual gas output of 3.4 million tonnes contracted to BP for 20 years on a free-on-board basis.<\/p>\n

\u201cRegarding the LNG export, it will be for European markets since BP is committed to take the gas resources to Europe,\u201d said the National Petroleum Institute (INP) in an emailed response to Reuters.<\/p>\n

The new LNG cargoes will help alleviate a tight global LNG market and gas shortages in Europe as winter looms following Moscow\u2019s February invasion of Ukraine and Russia\u2019s later decision to curb gas pipeline supplies into major European Union economies.<\/p>\n

As part of its exploration activity offshore Mozambique, Eni discovered Coral South gas field in 2012 and took its final investment decision in 2017, pledging to start producing gas using a floating LNG plant after five years.<\/p>\n

Thanks to a fast-track strategy led by CEO Claudio Descalzi, Eni has been able to stick to its original schedule despite the pandemic and supply chain issues.<\/p>\n

The exports from Mozambique, which neighbours South Africa, will help transform its economy as billions of dollars pour into the country to develop massive offshore gas fields in its deepwater Rovuma basin.<\/p>\n

But a sustained violent insurgency inland with links to Islamic State has scared off investors, as French oil major TotalEnergies last year declared force majeure on its $20 billion LNG project amid rising attacks in the north of Cabo Delgado province.<\/p>\n

The five-year old conflict has claimed more than 4,000 lives and displaced around one million people said the World Bank, which expects economic growth to accelerate in the medium term, averaging 5.7% between 2022 and 2024, as LNG production starts.<\/p>\n

In January, TotalEnergies CEO Patrick Pouyanne said on a visit to Mozambique that he hoped to restart its Afungi project this year, although INP said the company\u2019s return would likely be next year, depending on security assessments.<\/p>\n

\u201cWe are satisfied with the improvement of stability in Cabo Delgado Province … We are expecting Total to return by next year,\u201d INP said on Friday.<\/p>\n

The regulator said ExxonMobil, which had indicated it would only resume a final investment decision on its own LNG project in Area 4 of the Rovuma basin once Total had lifted its force majeure, was also seen returning to its project early in 2023.<\/p>\n

\u201cThis also means that we won\u2019t have stranded resources in Rovuma Basin at the same time that we know that natural gas is playing an important role as an energy for transition,\u201d it said.<\/p>\n

INP will launch a new oil and gas licensing round next year with details still to be worked out. The winners of the current 6th bidding auction is on track to be announced on Dec. 30, it added.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region. BP\u2019s LNG tanker, British Sponsor, has already arrived offshore northern Mozambique, said […]<\/p>\n","protected":false},"author":84,"featured_media":28242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-28243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique\u2019s first LNG exports to Europe seen by early November - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul float ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique\u2019s first LNG exports to Europe seen by early November\" \/>\n<meta property=\"og:description\" content=\"Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul float ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-22T17:03:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-22T17:14:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_6-635424bf8d8e4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"436\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique\u2019s first LNG exports to Europe seen by early November\",\"datePublished\":\"2022-10-22T17:03:59+00:00\",\"dateModified\":\"2022-10-22T17:14:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november\"},\"wordCount\":525,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_6-635424bf8d8e4.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-first-lng-exports-to-europe-seen-by-early-november\",\"name\":\"Mozambique\u2019s first LNG exports to Europe seen by early November - 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