Mozambique: Chapo Invites Brazilian Companies to Invest in Gas Sector

Mozambican President Daniel Chapo has extended an invitation to Brazilian companies to invest in the country's emerging oil and gas sector. Speaking at the Rio Oil & Gas 2026 Forum, Chapo emphasized the importance of industrialization, technology transfer, workforce training, and strengthening Mozambican companies as part of the new development phase.

He praised Brazil's expertise in deepwater exploration, engineering, logistics, and supply chain development, highlighting the potential for deepened cooperation between the two nations. Mozambique's energy potential, estimated at around 180 trillion cubic feet of natural gas, offers opportunities for diversification into hydroelectric, solar, and wind resources.

The Rovuma Basin projects, including Coral Sul, Coral Norte, Mozambique LNG, and Rovuma LNG, represent approximately 50 billion US dollars in investments. However, Chapo stressed that the government's ambition extends beyond gas extraction and export, aiming to link energy resources to industrialization, agriculture, fertilizer production, and job creation.

He also advocated for the role of natural gas in meeting the development needs of Mozambique and Africa, ensuring a sustainable energy transition that balances environmental sustainability, access to electricity, and economic growth. Chapo announced preparations for a new round of hydrocarbon exploration and production licensing, supported by enhanced geological and geophysical data and a modernized regulatory framework.