The plant will extract gas from Area 4 of the Rovuma basin, located off the shore of the Cabo Delgado province of northern Mozambique, starting in the second half of the year. Mozambique¡¯s fledgling oil and gas industry has the potential to produce more than 30 million mt of LNG a year.
Could Mozambique’s New ‘Corpa South’ facility revive a transformative LNG sector?
The arrival of the $2.5bn floating Coral South facility in Mozambique could help revive the country’s potentially transformative LNG sector, as the government assures oil and gas majors that the security situation is under control.
Could Mozambique become world’s largest LNG exporter?
Mozambique¡¯s fledgling oil and gas industry has the potential to produce more than 30 million mt of LNG a year. But the country¡¯s ambitions to join the ranks of the world¡¯s largest LNG exporters have been thwarted by a growing Islamist insurgency in the gas-rich Cabo Delgado province that began in October 2017.