AGP Executive Report
Last update: 3 hours agoLNG Investment: Eni plans to drill up to six wells from November for Coral North, targeting production by 2028 and weighing a larger third floating LNG project offshore Mozambique. Gas Revenue: Finance Minister Carla Loveira says LNG income is being split between public spending and savings, with 40% directed to the Sovereign Wealth Fund; its balance reached $151 million. Maritime Transport: The government aims to introduce cabotage concessions by June 2027. Since April 2025, coastal shipping has moved more than 200,000 tonnes of container cargo, taking over 19,000 trucks off the roads. Port Infrastructure: Maputo has launched a $150 million dredging project to deepen its access channel from 14.4 to 15.3 metres, allowing larger vessels to call.
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