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Mozambique’s Mineral and Energy Minister Joins African Energy Week (AEW) 2025 as Major LNG Projects Advance

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The country is well positioned to become a globally leading LNG supplier, with major projects set to resume development in the coming months

Mozambique’s Minister of Minerals and Energy Estevão Pale will speak at this year’s African Energy Week (AEW): Invest in African Energies conference, sharing insight into projects underway in LNG, exploration and infrastructure development. During the event – which is scheduled for September 29 to October 3 in Cape Town – Minister Pale will lead the Invest in Mozambique Energies session, connecting with investors as the country strives to augment its position as a global gas supplier.

 

With over 150 trillion cubic feet (tcf) of proven natural gas reserves, Mozambique has quickly gained prominence as an attractive LNG investment destination. The country’s Rovuma basin is not only rich in untapped resources but is poised to become a hub for LNG production in southern Africa, following the completion of several major offshore projects. The Eni-led Coral Sul FLNG project – situated in Area 4 of the Rovuma basin – is already producing, and in 2024, celebrated 5 million tons per annum (mtpa) produced since the startup in 2022. During AEW: Invest in African Energies, Minister Pale is set to take the stage to outline the country’s investment prospects, while providing key updates on ongoing projects.

Mozambique’s four major LNG projects stand to transform – not only the country’s – but the entire region’s energy landscape

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

Beyond Coral Sul, Mozambique is advancing several other offshore gas projects. In April 2025, Eni received the greenlight for its second FLNG project in Mozambique – the Coral North FLNG facility. Also situated in Area 4, the project will complement the operational Coral Sul FLNG facility to harness resources from the Coral Eocene 441 deposit. With a production capacity of 3.5 mtpa, the facility targets a final investment decision for 2026, with first production slated for 2028. The Coral North project will liquefy gas for export. Earlier this year, Abu Dhabi National Oil Company acquired Galp’s 10% stake in the Area 4 concession, signaling strong international commitment to realizing the project.

Also, in Area 4 of the Rovuma basin, ExxonMobil is leading the development of the Rovuma LNG project. Developed in partnership with Eni, the project is expected to produce 18 mtpa of LNG and plans to reach a final investment decision by 2026. First production is on the cards for 2030, with the project set to provide a significant boost to Mozambique’s liquefaction capacity. Meanwhile, despite delays due to above-ground risks, energy major TotalEnergies is working towards resuming development activities at the Mozambique LNG project. A $20 billion project, Mozambique LNG will feature two liquefaction units with a capacity of 13 mtpa. The project is situated in Area 1 of the Rovuma basin and is supported by $14.9 billion in senior debt financing. In March 2025, a $4.7 billion loan by the U.S. Export-Import Bank was reapproved, showcasing global support for the project. Area 4 of the Rovuma basin is projected to contain up to 85 tcf of resources alone, while Area 1 is estimated to contain up to 65 tcf of resources.

Beyond natural gas, Mozambique is advancing projects in renewable energy, building on its reputation as a major hydropower producer to attract new investment across the market. The country has committed to enhancing renewable energy capacity, with solar and wind expected to account for 20% of the country’s energy mix by 2040. In tandem, the country is also developing a 450 MW gas-to-power plant in Temane. The facility will leverage domestic resources to improve access to low-cost power across the country. As the country advances these projects, the Invest in Mozambique Energies spotlight during AEW: Invest in African Energies will serve as a launchpad for new investments and collaborations. Minister Pale’s perspectives will provide investors with first-hand insights into the state of play of Mozambique’s energy landscape, thereby supporting deals and future partnerships.

“Mozambique’s four major LNG projects stand to transform – not only the country’s – but the entire region’s energy landscape by introducing a clean, affordable and accessible fuel solution. With one project already in production and international operators rapidly advancing the development of the remaining three projects, the country is on track to unlock significant benefits from its offshore gas resources. Getting these projects online will be critical for Southern African energy security,” states NJ Ayuk, Executive Chairman, African Energy Week.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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