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Mozambique's LNG Restart, Gas-to-Power Push Shape AEW 2026 Investment Discussion
A dedicated session at African Energy Week (AEW) 2026, titled “Invest in Mozambique: Unleashing Africa's Premier Gas and Upstream Exploration Frontier,” will explore how these developments are reshaping the country's energy and investment landscape.
The session comes at a pivotal moment for the country's gas sector. In January 2026, TotalEnergies announced the full restart of the
Mozambique LNG project after a nearly five-year suspension. More than 4,000 workers are now mobilized, $4 billion in contracts have been awarded to Mozambican companies and first LNG is targeted for 2029. The project represents a total investment of roughly $20 billion and will produce 12.9 mtpa from the Area 1 concession in the Rovuma Basin.
Additional LNG projects are advancing across the country. Eni reached a final investment decision in October 2025 on the $6 billion to $7 billion Coral North floating LNG project, which will add 3.6 mtpa from 2028 alongside the already operational Coral South. ExxonMobil's $24 billion Rovuma LNG project has passed a front-end engineering milestone and is moving toward a final investment decision. Together, the three developments could bring Mozambique's combined LNG capacity above 25 mtpa by the early 2030s.
The gas-to-power dimension is equally important for closing the country’s electrification gap. Empresa Nacional de Hidrocarbonetos is working to strengthen domestic pipeline and logistics infrastructure so that Rovuma Basin gas can serve Mozambique as well as its international customers. The government has made clear that it expects the gas sector to contribute to the country's industrialization, not only through export revenues but through job creation, the development of local suppliers and expanded energy access for Mozambican households and businesses.
Mozambique also holds significant renewable energy potential, adding another layer to the conversation happening at AEW 2026. Hydropower already accounts for roughly 70% of the country's electricity generation – anchored by the 2,075 MW Cahora Bassa plant – and the government's Just Energy Transition Strategy targets an additional 2 to 4 GW of hydropower and 2 GW of solar by 2030. Utility-scale solar tenders are advancing, and off-grid solutions are central to the target of universal electrification by the end of the decade.
“For years we talked about Mozambique's gas potential in the future tense. With Mozambique LNG restarted, Coral North going forward and Rovuma LNG moving toward a final investment decision, the conversation has changed,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “This is now about delivery, and AEW 2026 is where the industry will take stock of what that means for the country and the continent.”
This dedicated Mozambique investment session will take place as part of AEW 2026 in Cape Town from October 12-16.