Mozambique is exploring a $250 million gas project with South African energy firm Sasol and pipeline company ROMPCO. The initiative aims to expand gas infrastructure offshore Mozambique, potentially increasing gas supplies to South Africa. The project includes floating storage and regasification units (FSRUs) at Inhassoro and the port of Beira, positioning Mozambique as a regional energy hub.
Rudêncio Morais, CEO of Mozambique's national oil and gas company Empresa Nacional de Hidrocarbonetos (ENH), highlighted the strategic timing of the project. He noted that the infrastructure is planned for completion by 2030 or 2031, aligning with major gas projects like Mozambique LNG, Rovuma LNG, and Coral North led by TotalEnergies, ExxonMobil, and Eni, respectively.
South Africa currently relies on onshore gas fields operated by Sasol, but these reserves are expected to deplete soon. Mozambique's vast offshore gas reserves, discovered by international energy supermajors, present a significant opportunity. The country aims to leverage these reserves to support both regional energy needs and domestic industrialization.
ENH secured a 30-year concession last year to build and operate gas infrastructure at Beira and Inhassoro. The FSRUs will facilitate the transport of liquefied natural gas (LNG) from projects in the Rovuma Basin, ensuring long-term energy sustainability and economic growth for Mozambique.