Nevertheless, the world-class nature of Mozambique¡¯s gas assets has offset such inhibitors, and the country recently secured the largest foreign direct investment in Africa to date through its Mozambique LNG development. Gas monetization projects push forward on schedule, as the nation continues on its path to becoming a global energy giant.
Why is Mozambique developing a refinery?
Downstream Developments Mozambique is heavily reliant on oil, gas and petroleum derivative imports due to a lack of domestic refining capacity. As a result, the country is constructing its first refinery, to be fed by crude supplies from the Rovuma and Mozambique Basins.
How much gas will Mozambique produce a year?
Spearheaded by a consortium led by French multinational Total, Area 1 will see the construction of the 12.9-million tons per year Mozambique LNG plant located in Afungi, fed by the Prosperidade Complex and Golfinho-Atum Development. Production is expected to begin in 2024, producing two billion cubic feet of natural gas per day.
What is Sasol doing in Mozambique?
Sasol is also further developing the Greenfield Inhassoro oil discovery ¨C Mozambique¡¯s first commercial oil discovery ¨C which is expected to produce up to 2,000 barrels per day upon start-up.