INSUBCONTINENT EXCLUSIVE:
operations in Area 4 of the Rovuma Basin
This occurred despite a 43.5% drop in global market prices.The Mozambique Central Bank report underscores this increase, noting the country
starting in late October 2022.In addition, the production for this area is starting first among the three approved projects.A Major Gas
the operator of Area 4, is constructing a second platform, Coral Norte
Coral Norte is slated to begin production in late 2027.Some land-based projects may face impacts from ongoing security issues in Cabo
Delgado before others.Additionally, a $7 billion investment in the Coral Norte platform is anticipated, pending government approval.This
expanding natural gas sector is reshaping its economic landscape and bolstering its global energy supplier status.As extraction efforts
natural gas industry in transforming both its economy and regional energy dynamics.
