Mozambique is solidifying its position as Africa’s premier energy destination.

Armed with massive offshore reserves, the nation is driving an unprecedented regional energy expansion.

The sector achieved a milestone in January 2026 when TotalEnergies restarted its $20 billion Mozambique LNG project, targeting 12.9 million tonnes per annum (mtpa) from Area 1 by 2029. 

Crucially, $4 billion in contracts have already been awarded to domestic firms, alongside 4,000 local jobs.

Eni’s $7 billion Coral North floating LNG facility achieved final investment decision in October 2025, promising 3.6 mtpa from 2028.

Coupled with ExxonMobil’s $24 billion Rovuma LNG development, Mozambique’s export capacity will surpass 25 mtpa by the early 2030s.

Domestic industrialisation remains central to state oil firm Empresa Nacional de Hidrocarbonetos.

Highlighting Mozambique’s balanced transition strategy, hydropower currently provides 70 per cent of national power, led by the 2,075 MW Cahora Bassa plant.

Under its Just Energy Transition Strategy, the government aims to deploy 2-4 GW of additional hydropower and 2 GW of solar capacity by 2030 to achieve universal electricity access.

Daniel Chapo, Mozambique’s President, has emphasised that the government aims to leverage these projects to accelerate industrialisation, increase local capacity, create skills job opportunities while strengthening the Mozambican business ecosystem.

By leveraging world-scale gas developments and clean power infrastructure, Mozambique stands out as the continent’s most compelling frontier for global capital.