Mozambique has announced that it will start exporting liquefied natural gas (LNG) extracted from the Coral South field, off the coast of Palma district, in the northern province of Cabo Delgado, in October. The country’s energy will be produced on a floating platform owned by a consortium led by the Italian energy company Eni off the coast of Palma. The Coral South project is expected to generate 3.4 million tons of LNG annually over the next 25 years. The Mozambique LNG export target is to meet Asian market demand.
The neighboring country, Tanzania, is also realizing its dream of building a $40 billion liquefied natural gas project after the government and companies such as Equinor ASA and Shell Plc signed preliminary agreements. According to Energy Minister January Makamba, Tanzania has more than 57.5 trillion cubic feet of recoverable natural gas reserves. Its target is collaborating with neighboring Mozambique to create Africa’s new LNG hub.
