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    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

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Eni plans second liquefied natural gas production vessel offs Mozambique

mm by RMB Africa Research
August 3, 2022
in News
Reading Time: 1 min read
0
Eni plans second liquefied natural gas production vessel offs Mozambique

IMF GDP growth forecast for Mozambique โ€” economy is expected to boom. Source: ETM Analytics, Bloomberg

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Gas prices have been soaring over the last few months as supply concerns have continued to increase.

In particular, Europe has felt the effects of these high prices as it relies on Russia for gas. This has resulted in Europe having to look for alternative gas supplies. Following increased demand, Eni SpA has announced a plan to build a second liquified natural gas (LNG) gas production vessel off Mozambique. The plan is for the LNG platform to be built within the next four years to allow Europe to diversify its fuel supplies. The second LNG platform would help boost gas exports, which have seen multiple delays over the past few months. Furthermore, this project will help to develop Mozambiqueโ€™s resources and bring significant revenue to the country.

Tags: Eni SpA

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