MOZAMBIQUE: LNG Revenues Reach $252.8 million

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 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.

Government spokesperson Inocêncio Impissa clarified in a press briefing 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).

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.

“In 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,” Impissa detailed.

The money transferred to the State Budget financed strategic projects aimed at boosting the country’s economic and social development, namely transport, economic, hydraulic, educational, agricultural and fisheries infrastructure.

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.

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.

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.

The Coral Sul project is operated by Mozambique Rovuma Venture SpA (MRV), a joint venture owned by Eni, ExxonMobil and China National Petroleum Corporation (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.