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IAE 2024: Eni Mozambique Presents Optimisation Scenario for Gas Investments

IAE 2024: Eni Mozambique Presents Optimisation Scenario for Gas Investments

As Invest in African Energy (IAE) 2024 approaches, Marica Calabrese, the managing director of Eni Mozambique, is preparing to present the optimisation scenario for gas investments at the forum, with special attention to the hydrocarbon deposits in Mozambique and Angola. The news was reported by Energy Capital & Power, the main information platform on energy investment in Africa.

According to the organisation, Eni has been a catalytic force in transforming Mozambique into one of the main exporters of LNG, following the inauguration of its Coral Sul FLNG project in the productive Area 4 of the Rovuma Basin. This project is notable for being the first floating natural gas liquefaction plant in Africa, marking a remarkable achievement with its annual capacity of 3.5 million tonnes of LNG, and exemplifies the implementation of advanced technologies for energy efficiency and lower emissions.

Looking to the future, Eni is now analysing the feasibility of a second unit, the North Coral FLNG, which promises to further expand gas production. At IAE 2024, Calabrese is expected to highlight plans for optimising investments across the gas value chain, paving the way for a substantial increase in LNG exports.

IAE 2024, which will take place on 14 and 15 May in Paris, is a major event that brings together experts from the energy sector, investors and policymakers, offering a unique forum for in-depth debates and the establishment of strategic partnerships.

In parallel, Eni, in partnership with ExxonMobil, is leading the development of the ambitious Rovuma LNG project. This venture aims to consolidate Mozambique’s status as a global colossus in the gas market. Eni also plans to intensify its activity with the drilling of new wells, reinforcing its contribution to the dynamism of the LNG market on the continent.

With three LNG mega-projects under development, Eni is not only seeking to ensure Mozambique’s energy stability, but also to boost the region’s position in energy production. The development prospects and potential revenues to be discussed at IAE 2024 could be decisive for Mozambique’s energy future and for the progress of the energy industry throughout southern Africa.

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