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 de...