Mozambique: Eni CEO, President Daniel Francisco Chapo Hold Talks On Eni’s Future Plans

The President of the Republic of Mozambique, Daniel Francisco Chapo, met with the Chief Executive Officer of Eni, Claudio Descalzi, in Maputo on Wednesday to discuss the company’s ongoing and future activities in the country.

The meeting reaffirmed the strong partnership between Eni and Mozambique and highlighted strategic initiatives aimed at supporting the country’s economic growth.

Among the topics discussed were the ongoing success of the Coral South Project, which contributed to 50% of Mozambique’s GDP growth in 2023 and is projected to represent 70% of GDP growth in 2024, and the recently approved Plan of Development by the Government of Mozambique for the implementation of the Coral North FLNG project.

This project will enable the expansion of LNG production from the Coral reservoir in Area 4 of the Rovuma Basin.

The meeting also highlighted Eni’s strategy to diversify its activities in Mozambique as part of its broader commitment to the country’s energy transition. This includes implementing an innovative agribusiness project focused on producing vegetable oil for biorefining.

The initiative aims to support rural area development and create opportunities for Mozambique’s integration into the biofuel value chain.

Additionally, the company is promoting several carbon offset initiatives, including a clean cooking program that promotes the use of more energy-efficient cooking solutions and other REDD+ initiatives.

Eni has been present in Mozambique since 2006. Between 2011 and 2014, the company discovered vast natural gas resources in the Rovuma Basin, specifically in the Coral, Mamba Complex, and Agulha reservoirs, with approximately 2,400 billion cubic meters of gas in place. Eni operates the Coral South project, the first to produce gas from the Rovuma Basin.

Eni also contributes to improving the country’s economic diversification, access to education, health, and water through the implementation of a sustainability plan.

Source:https://energynewsafrica.com