Unrest along Mozambique’s northern coast has halted onshore development
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
China's state-controlled Cnooc is seeking to invest in Mozambique for the first time, while Italy’s Eni is looking to expand its portfolio in the troubled east African nation, after both firms submitted bids in Mozambique’s sixth licensing round. Cnooc bid for five blocks: three in the Angoche basin and two in the Save basin, according to Mozambican regulator INP. The Chinese firm is proposing operating the blocks with 70–80pc ownership, with Mozambican NOC ENH holding the remainder. If the bids are successful, they would be Cnooc’s first foray into the country. Eni, meanwhile, bid to operate one block in the Angoche basin with a 60pc stake, with ENH holding the remaining 40pc. INP plans to
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
