ADNOC's Strategic Investment in Mozambique's LNG Sector: A Key Step Towards Energy Diversification

 



The Abu Dhabi National Oil Company (ADNOC) has disclosed a significant commitment towards broadening its global energy portfolio through an investment in the natural gas sector of Mozambique, obtaining a share of the Area 4 license. The Coral-South and Coral-North Floating LNG infrastructures together with the projected Rovuma LNG onshore locations form part of this deal. With each Coral facility capable of producing 3.5 million metric tons of LNG per year, ADNOC's entry into Mozambique's gas basin marks a pivotal moment in the region's energy landscape.

The investment also reinforces ADNOC's influence as a significant contender in the global liquefied natural gas (LNG) market and for a company that is dedicated to cleaner energy options. Musabbeh Al Kaabi, who is the Executive Director for Low Carbon Solutions and International Growth at ADNOC, stressed on the role of gas in meeting increasing demand worldwide as well as curbing pollution. The Rovuma Onshore LNG development project  will generate 18 million metric tonnes per year and with this project there's a possibility of having a lower carbon footprint in the liquefied natural gas (LNG) production when you compare it with other industries hence, showcasing ADNOC’s commitment towards sustainability.

Recent years have seen one of the major findings being Rovuma gas basin from Mozambique which has large volumes of gas that have been proven thus allowing the country’s new facilities to have constant access to associated reserves. ADNOC's investment in Mozambique represents its fourth international venture into gas, signaling the company's strategic focus on gas and LNG production as part of its future growth trajectory.

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