{"id":309696,"date":"2026-02-25T15:38:10","date_gmt":"2026-02-25T15:38:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/309696\/"},"modified":"2026-02-25T15:38:10","modified_gmt":"2026-02-25T15:38:10","slug":"top-french-and-us-oil-giants-drive-50b-lng-expansion-in-africas-rising-gas-powerhouse","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/309696\/","title":{"rendered":"Top French and US oil giants drive $50B LNG expansion in Africa\u2019s rising gas powerhouse"},"content":{"rendered":"

\n The projects, led by TotalEnergies of France and ExxonMobil of the United States, are expected to generate intense maritime activity<\/a>, with an estimated 400 vessels per year transporting LNG and condensate from production sites to international markets.\n <\/p>\n

\n Under recently published tenders, the two concessionaires are seeking \u201csafe, efficient, and reliable transportation, loading, and unloading services\u201d for LNG from Areas 1 and 4 of the Rovuma Basin.\n <\/p>\n

\n Area 1, part of the Mozambique LNG project, is expected to handle 160 LNG tankers and 10 condensate ships annually, while Area 4, corresponding to the ExxonMobil-led Rovuma LNG, anticipates 220 LNG tankers and 15 condensate ships per year.\n <\/p>\n

Afungi LNG operations set to reshape Mozambique\u2019s energy landscape<\/p>\n

\n The projects mark a decisive step after investments were suspended due to armed attacks in Cabo Delgado, which led to a declaration of \u201cforce majeure\u201d in 2021.\n <\/p>\n

\"The <\/p>\n

\n In October 2024, TotalEnergies\u2019 consortium lifted the clause<\/a>, allowing the $20 billion Mozambique LNG project to formally restart. In November, ExxonMobil followed suit, lifting the force majeure for its $30 billion Rovuma LNG project, with the Final Investment Decision expected in 2026.\n <\/p>\n

\n Once operational, Area 4 is projected to produce 18 million tons per year (mtpa) of LNG, while Area 1 will reach 13 mtpa, with first deliveries scheduled for 2029.\n <\/p>\n

\n Mozambique already hosts active production through Eni\u2019s Coral Sul floating LNG platform, producing 3.4 mtpa since 2022. The FID for the second unit, Coral Norte, valued at $7.2 billion, was approved in October, doubling production capacity from 2028.<\/a>\n <\/p>\n

\n President Daniel Chapo emphasized that construction could begin within 12 to 18 months, supported by strengthened security measures to ensure investment stability.\n <\/p>\n

\n With the combined scale of these LNG projects, Mozambique is not only ramping up its export capacity but also reinforcing its role as a rising African energy powerhouse, attracting billions in foreign investment and cementing its position on the global LNG map.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The projects, led by TotalEnergies of France and ExxonMobil of the United States, are expected to generate intense…\n","protected":false},"author":2,"featured_media":309697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-309696","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/309696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=309696"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/309696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/309697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=309696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=309696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=309696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}