Mozambique offers oil & gas licenses

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Mozambique offers oil & gas licenses

Mozambique, through its regulatory agency, the Institute of National Petroleum (INP), has issued a competitive tender process for 15 oil & gas exploration licenses.

The 15 oil & gas exploration licenses involve a total area of 76,800km². The licenses are located in the offshore areas of Rovuma, Zambezi and Angoche, and in the onshore areas of Pande-Temane and Palmeira.

The competitive bidding round is scheduled to close on 20 January 2015. The bids will be evaluated during February and March. The contracts are set to be signed from April onwards.

According to sources about 180 trillion cubic feet of gas have been found in the Rovuma Basin. The government expects initial investments of more than US$30 billion in its nascent gas sector to produce 20 million tonnes per year of liquefied natural gas (LNG). The first exports of LNG are expected to start by 2018.

See official announcement:

http://www.inp-mz.com/The licensing round comes after the government modified the laws of Mozambique's oil and gas industry. The new laws require to devote 25% of the oil or gas production to the domestic market.
List of country news

Country news

  • October 28, 2014

    Ncondezi Signs MoU with strategic investor for Mozambique 300 MW power deal

    Ncondezi Energy Limited has signed a non-binding Memorandum of Understanding (MoU) with Shanghai Electric Power Company Limited (SEP) to progress and agree a transaction where SEP could potentially become the controlling shareholder in the 300 MW coal fired power plant, the Ncondezi Power Project, located near Tete in northern Mozambique. Read more
  • May 27, 2015

    EPC Contractor selected for Onshore LNG Park in Mozambique

    Mitsui & Co., Ltd. and its joint venture partners in Mozambique's Rovuma Offshore Area 1 Block have selected the Engineering, Procurement and Construction (EPC) contractor for the initial development of the onshore LNG park. Read more
  • May 29, 2015

    Norton Rose Fulbright is appointed international legal counsel on South African interconnector project

    Norton Rose Fulbright, is advising the Southern African Power Pool (SAPP) on the development of the regional interconnector transmission line between Mozambique, Zimbabwe and South Africa (MoZiSA). Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.