Rovuma basin Area 4 Eni’s project offshore Mozambique should soon get the official go-ahead. Tanzania’s progress is much slower, according to Petroleum Economist.
Once upon a time, the development of gas resources in the Rovuma basin was seen as a race between Mozambique and Tanzania. Today, Mozambique has all but sealed the win with a floating liquefied natural gas project almost ready to get a final investment decision. Beyond that, there is little certainty on the projects either side of the maritime border.
The Eni-operated Coral South Floating LNG project benefits from being almost entirely offshore, including having won an exemption from needing to supply any gas to Mozambique. Instead, its entire 3.4m tonnes a year of output has been bought by BP over a 20-year period. First gas is targeted for 2023.