Mozambique is expected to ship its first cargo of LNG overseas this week. According to Bloomberg ship-tracking data, the LNG tanker British Mentor, operated by BP Plc, is set to arrive this Wednesday at the new floating terminal that Eni is completing off Mozambique’s northern coastline. The coral-sub project was aiming to export its first shipment by October. However, as a result of the energy crisis in Europe, the company has pushed the date forward. The coral-sub is designed to produce 3.4 million metric tons of LNG. With gas prices at such high levels, Mozambique will benefit massively from the project coming online. The LNG boom in Mozambique will help rebuild the economy by increasing foreign investments, creating jobs, and improving the overall fiscal conditions within the country.
