{"id":15725,"date":"2026-04-22T07:47:19","date_gmt":"2026-04-22T07:47:19","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15725"},"modified":"2026-04-22T07:47:19","modified_gmt":"2026-04-22T07:47:19","slug":"mozambique-lng-revenues-reach-252-8-million","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-lng-revenues-reach-252-8-million\/","title":{"rendered":"MOZAMBIQUE: LNG Revenues Reach $252.8 million"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Mozambican state has collected US$252.8 million in Liquefied Natural Gas (LNG) revenue from the start of commercial operations at Coral Sul FLNG in November 2022 until December 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The information is contained in the annual report on LNG revenues for the year 2025, reviewed and approved this Tuesday (31), in Maputo, by the ninth session of the Council of Ministers, to be submitted to the Assembly of the Republic for consideration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Government spokesperson Inoc\u00eancio Impissa clarified in a press&nbsp;<em>briefing<\/em>&nbsp;that, although LNG revenues are received continuously, they are initially accumulated in the Transitional Account before being transferred to the State Budget and the Mozambique Sovereign Fund (FSM).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This situation is foreseen by the Law that creates the Sovereign Wealth Fund of Mozambique, which establishes that 60 percent of the resources from oil and gas revenues must be channeled to the State Budget and 40 percent to the FSM.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn December 2025, transfers were made from the Transitional Account to the State Budget totaling $31.49 million and $109.97 million to the Mozambique Sovereign Fund,\u201d Impissa detailed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The money transferred to the State Budget financed strategic projects aimed at boosting the country&#8217;s economic and social development, namely transport, economic, hydraulic, educational, agricultural and fisheries infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the balance sheet of the Economic Plan and State Budget for 2025, the execution of projects financed by Liquefied Natural Gas revenues reached approximately 20.8 million dollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It should be noted that Mozambique currently produces LNG through Coral Sul FLNG, a project consisting of a floating liquefaction unit, the first of its kind in Africa and the third in the world, with a production capacity of 3.4 million tons of gas per year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Anchored in the ultra-deep waters of the Rovuma Basin, the start of production at this project has placed Mozambique on the global LNG market, with 135 LNG shipments and 19 condensate shipments carried out between November 2022 and December 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Coral Sul project is operated by&nbsp;<em>Mozambique Rovuma Venture SpA<\/em>&nbsp;(MRV), a&nbsp;<em>joint venture<\/em>&nbsp;owned by Eni, ExxonMobil and&nbsp;<em>China National Petroleum Corporation<\/em>&nbsp;(CNPC). MRV holds a 70 percent stake in the Area 4 exploration and production concession contract. The other partners in the project are ENH, XRG and KOGAS, each with a 10 percent stake.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mozambican state has collected US$252.8 million in Liquefied Natural Gas (LNG) revenue from the start of commercial operations at Coral Sul FLNG in November 2022 until December 2025. The &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-lng-revenues-reach-252-8-million\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":15726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[457,12452,766,768,860,3754,1636,12453,2191,11884],"class_list":["post-15725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-china-national-petroleum-corporation","tag-coral-sul-project","tag-enh","tag-eni","tag-exxonmobil","tag-kogas","tag-mozambique","tag-mozambique-rovuma-venture-spa","tag-rovuma-basin","tag-xrg","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/04\/CORAL-SUL-FLNG-1536x864-1.jpg?fit=1536%2C864&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-45D","jetpack-related-posts":[{"id":15529,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-eni-announces-the-launch-of-the-coral-north-flng-hull\/","url_meta":{"origin":15725,"position":0},"title":"MOZAMBIQUE: Eni announces the launch of the Coral North FLNG hull","author":"","date":"January 19, 2026","format":false,"excerpt":"In the presence of the Minister of Mineral Resources of the Republic of Mozambique, Estev\u00e3o Pale, and Eni's Chief Operating Officer, Global Natural Resources, Guido Brusco, Eni and its partners, China National Petroleum Corporation (CNPC), ENH, KOGAS, and XRG, announced today in Geoje, South Korea, the launch of the Coral\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Coral-North-FLNG.jpg?fit=750%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Coral-North-FLNG.jpg?fit=750%2C500&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Coral-North-FLNG.jpg?fit=750%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Coral-North-FLNG.jpg?fit=750%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14853,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-coral-norte-flng-project-development-plan-approved\/","url_meta":{"origin":15725,"position":1},"title":"MOZAMBIQUE: Coral Norte FLNG Project Development Plan Approved","author":"","date":"April 11, 2025","format":false,"excerpt":"The Government has during the 11th session of the Council of Ministers approved the Development Plan for the Coral Norte FLNG Project. This is a crucial step towards the implementation of what will be the second offshore platform for the exploration of liquefied natural gas (LNG) in Area 4 of\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12808,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-first-lng-cargo-departs-from-coral-sul-flng-offshore-the-rovuma-basin\/","url_meta":{"origin":15725,"position":2},"title":"MOZAMBIQUE: First LNG Cargo Departs from Coral Sul FLNG, Offshore the Rovuma basin","author":"","date":"November 14, 2022","format":false,"excerpt":"Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment of liquefied natural gas (LNG) produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, has just departed from\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14470,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-coral-sul-flng-achieves-5-million-tons-of-lng-production\/","url_meta":{"origin":15725,"position":3},"title":"MOZAMBIQUE: Coral Sul FLNG Achieves 5 million Tons of LNG production","author":"","date":"August 24, 2024","format":false,"excerpt":"Eni, as the Delegated Operator of Area 4, on behalf of its Area 4 partners namely ExxonMobil, CNPC, GALP, KOGAS and ENH, celebrates today the achievement of 5 million tons of LNG produced from the Coral Sul FLNG, located in the ultra-deep waters of the Rovuma Basin, offshore Mozambique. This\u2026","rel":"","context":"In \"Area 4\"","block_context":{"text":"Area 4","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/area-4\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14804,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-xrg-announces-entry-into-rovuma-basin-lng-project-with-acquisition-of-galps-interest\/","url_meta":{"origin":15725,"position":4},"title":"MOZAMBIQUE: XRG Announces Entry into Rovuma Basin LNG Project with Acquisition of Galp\u2019s Interest","author":"","date":"March 31, 2025","format":false,"excerpt":"XRG has successfully reached deal completion on its acquisition of Galp\u2019s 10% interest in the Area 4 concession in Mozambique\u2019s Rovuma Basin, initially announced in May 2024. This strategic investment, XRG\u2019s first in the country, reflects the company\u2019s goal of building a world-scale, integrated gas portfolio to meet growing global\u2026","rel":"","context":"In \"Coral North FLNG\"","block_context":{"text":"Coral North FLNG","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/coral-north-flng\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12366,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-first-gas-introduced-to-coral-sul-flng-from-coral-south-field\/","url_meta":{"origin":15725,"position":5},"title":"MOZAMBIQUE: First Gas Introduced to Coral-Sul FLNG from Coral South Field","author":"","date":"June 23, 2022","format":false,"excerpt":"Italian energy major Eni has announced first gas to the Coral-Sul Floating Liquefied Natural Gas (FLNG) facility from the Coral South Field located in Area 4 of the Rovuma Basin offshore Mozambique. The development sparks a new era of hydrocarbon growth in the southern African country, with Mozambique now on\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15725"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15725\/revisions"}],"predecessor-version":[{"id":15727,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15725\/revisions\/15727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/15726"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}