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Southern Africa

Mozambique

Rovuma gas, graphite and an aluminium value chain

Natural Gas & LNGAluminiumOil & GasLNGPowerMining & MineralsMetals & Industrial
Sign in to track
Projects
5
Companies
4
Opportunities
3
Infrastructure
5

Overview

Mozambique combines world-scale offshore gas in the Rovuma Basin with graphite, heavy sands, coal and the Mozal aluminium smelter, making it one of Africa's most connected energy-to-industry economies.

Policy

Upstream petroleum activity is regulated by the Instituto Nacional de Petróleo (INP), which runs competitive licensing rounds for exploration and production concession contracts.

Geopolitics

Security in Cabo Delgado remains a determining variable for the onshore LNG programme and for regional investment sentiment.

Region
Southern Africa
Capital
Maputo
Currency
MZN
ISO3
MOZ
Palma, Cabo Delgado — the district hosting the Afungi LNG park
Palma, Cabo Delgado — the district hosting the Afungi LNG park · Voice of America / Voice of America, Public domain

Market records

Mozal primary aluminium capacity
~580,000 t/yr
South32 · 1 Jan 2026
Coral South FLNG capacity
3.4 mtpa
Eni · 1 Jan 2026
Mozambique LNG initial capacity
12.88 mtpa
TotalEnergies · 1 Jan 2026
Benban Solar Park capacity
~1,500 MW
World Bank / IFC · 1 Jan 2026
Noor Ouarzazate capacity
~580 MW
World Bank · 1 Jan 2026

Country at a glance

Population
34.6 million

As of 2024

World Bank · 2024
Land area
786,380 km²

As of 2024

World Bank · 2024
Government
Presidential republic

As of 2025

World Bank · 2025
Official language
Portuguese

As of 2025

World Bank · 2025

Economy & macroeconomics

GDP (current US$)
US$ 22.9 bn

As of 2024

World Bank · 2024
GDP per capita
US$ 663

As of 2024

World Bank · 2024
Real GDP growth
1.9%
2020+3.1 pp2024

As of 2024

International Monetary Fund · 2024
Inflation, consumer prices
3.2%

As of 2024

International Monetary Fund · 2024

Energy intelligence

Access to electricity
34%

As of 2022

World Bank · 2022
Installed generation capacity
≈2.8 GW

As of 2023

International Energy Agency · 2023
Electricity generation mix
  • Hydro80%
  • Natural gas17%
  • Solar3%
International Energy Agency · 2023

Project pipeline

  1. 1
    Development
  2. 1
    Construction
  3. 3
    Operating

Industrialisation & value chains

Gas to industry
  1. Upstream

    Rovuma Basin Areas 1 and 4 hold sanctioned offshore gas developments.

    Established

  2. Liquefaction

    Coral South FLNG is producing; the onshore Afungi trains remain to be completed.

    Emerging

  3. Domestic gas use

    Gas-to-power and gas-based fertiliser or petrochemical capacity remain limited relative to reserves.

    Capacity gap

  4. Export

    LNG cargoes ship to Asian and European buyers under long-term contracts.

    Established

Markets & trade

Export basket
  • Coal30%
  • Natural gas / LNG20%
  • Aluminium18%
  • Graphite & heavy sands8%
Destination markets
  • India22%
  • South Africa17%
  • China12%
  • European Union11%
Observatory of Economic Complexity · 2023

Risk & due diligence

Sovereign ratings

Security, Cabo Delgado

Likelihood 3/3 · Impact 3/3

Nexus interpretation

Onshore LNG execution timelines remain conditional on the security situation in Cabo Delgado.

Sovereign debt

Likelihood 2/3 · Impact 3/3

Nexus interpretation

Speculative-grade sovereign ratings raise the cost of state participation in capital-intensive projects.

Fitch Ratings ·

Logistics capacity

Likelihood 2/3 · Impact 2/3

Nexus interpretation

Coal and mineral volumes depend on the Nacala and Beira corridors operating at contracted capacity.

Policy, development & international frameworks

treaty

Paris Agreement NDC

Mozambique's nationally determined contribution is filed in the UNFCCC registry.

UNFCCC
initiative

EITI implementation

Extractive revenue reporting follows the EITI standard.

Extractive Industries Transparency Initiative
development

AU Agenda 2063

Continental framework for industrialisation and regional infrastructure corridors.

African Union

Governance & legal framework

Decision-making bodies
Governing instruments

Outlook

Energy outlook
  • Onshore LNG restart timing
  • Hydro and grid expansion
Nexus interpretation

Nexus reads Mozambique's energy trajectory as dominated by two decisions: the onshore LNG restart and the pace of transmission investment that would let hydro serve regional demand.

Drivers are sourced; the reading is Nexus analysis, not a forecast.

International Energy Agency ·

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People

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Sources

Every factual record carries its source organisation, link and verification status. Where a value cannot be verified from a primary public source, Nexus records it as not available.