AGP Executive Report
Last update: 11 hours agoPort Expansion: Maputo has launched a US$150 million dredging project, backed by MPDC and DP World, to deepen and widen its access channel so larger vessels can call and the port can strengthen its regional trade role. Gas Investment: Eni plans to drill up to six wells from November for Coral North, targeting production by 2028 and lifting its Mozambique LNG output to about 7 million tonnes a year; the company is also assessing a possible third floating LNG project. Maritime Transport: Mozambique plans to introduce maritime cabotage concessions by June 2027. More than 200,000 tonnes of container cargo have moved by sea since April 2025, removing over 19,000 trucks from roads. LNG Revenue: The government says 60% of gas revenue goes to the state budget and 40% to savings; the Sovereign Wealth Fund held US$151 million, including US$109 million added in 2025.
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