chemXplore tracks 2 projects in Mozambique, of which 2 are active.
2 new construction.
1 of the active projects carry no start-up date yet.
Owners and developers: Eni S.p.A. (1), ExxonMobil (1), ExxonMobil Mozambique, Limitada (1), Mozambique Rovuma Venture S.p.A. (1)
Investors: China National Petroleum Corporation (2), Korea Gas Corporation (2), National Hydrocarbon Company (2), Abu Dhabi National Oil Company Group (1), Eni S.p.A. (1), XRG P.J.S.C. (1)
Contractors and licensors are recorded on all 2 of them For subscribers
Targeting: Natural gas (2)
4% annual energy growth to 2030; $10bn free cash flow uplift 2025–2030; $14–17bn/yr capex 2027–2032; dividend +5%/yr to 2030 and planned buybacks.
LOI covers preliminary engineering, procurement and technical services worth about €11m for upstream offshore scope; final EPCI award depends on FID and government/regulatory approvals expected in 2026.
Operational gains, cost control and market recovery drove stronger earnings; capex fell 18%, renewables expanded, and dividend remains paused until net debt is sustainably below US$3bn.
LOI covers $32M for preliminary engineering and procurement to advance project definition; final EPC award depends on FID and government/regulatory approvals expected in 2026.
LOI covers limited engineering and procurement to advance project definition toward a 2026 FID; Phase 1 targets 18.6 mtpa from 12 modular trains with start-up in 2031.
Order intake €12.7bn raised backlog to €25bn; H1 revenue €3.7bn and EBITDA €212m after provisions; Project Delivery margin guidance reduced for 2026.
Coral Norte FLNG will produce ~3.6 Mtpa, doubling the Coral hub to 7 Mtpa and placing Mozambique among Africa’s top three LNG producers.
Q1: E&P +9% to 1.8 mln boe/d; ~1bn boe discovered; FY CFFO raised to €13.8bn; Plenitude demerger, Acea adds clients to reach 11m; Enilive FIDs two biorefineries; proforma gearing 15%
François Nicot, with 30+ years in energy and construction, will lead growth and diversification in Sub-Saharan Africa, focusing on renewable energy and O&M model evolution.
Strong 2025 performance with €2.2bn cash generation, 4% DPS increase, and €250m buyback. Key growth in Brazil, Namibia, and Sines. Net debt at €1.3bn, FCF at €81m.
