Mozambique has attracted about $5.6 billion in foreign direct investment as major liquefied natural gas projects backed by French and American energy giants accelerate development in the country’s emerging gas sector. The investment inflow has been driven largely by large-scale LNG projects led by companies including TotalEnergies and ExxonMobil, according to Reuters.
Mozambique holds some of Africa’s largest offshore natural gas reserves, particularly in the Rovuma Basin, where multibillion-dollar LNG projects are being developed to supply global energy markets. The projects are expected to position the country among the world’s significant LNG exporters over the coming decade, with exports targeting Europe and Asia amid rising global demand for alternative gas supplies.
Officials say the surge in investment is supporting infrastructure development, job creation, and long-term economic growth while strengthening Mozambique’s strategic role in global energy markets. The government has also highlighted LNG development as a major source of future state revenue and foreign exchange earnings.
Analysts note that despite the investment momentum, security challenges in northern Mozambique and financing risks remain key concerns for investors. However, they say continued backing from international energy companies and Western governments reflects growing confidence in Mozambique’s long-term potential as one of Africa’s leading LNG producers.
