Mozambique is recording a strong rise in foreign direct investment (FDI), reflecting its growing position as one of Africa’s most promising liquefied natural gas (LNG) hubs. In 2025, the country attracted $5.6 billion in FDI, marking a significant increase driven largely by major Western-backed energy developments.
According to data from the Bank of Mozambique, investment inflows grew by 60.2% compared to the previous year, with the oil and gas sector dominating activity. The extractive industry alone accounted for over 91% of total inflows, highlighting the central role of energy projects in the country’s economic expansion.
Much of this growth is anchored in large-scale developments in the Rovuma Basin in northern Mozambique, home to some of the world’s most significant offshore natural gas reserves. The region has attracted major international energy companies, including TotalEnergies and ExxonMobil, which are leading multi-billion-dollar LNG projects aimed at transforming Mozambique into a regional energy powerhouse.
Although the combined value of these flagship projects is estimated at around $30 billion, final investment decisions are still pending due to previous security challenges in Cabo Delgado province. Despite this, momentum continues to build as global demand for gas strengthens.
Mozambique has already begun exporting LNG through the Coral Sul floating facility operated by Eni, which started production in 2022 and has an annual capacity of around seven million tons. The company is also advancing plans for Coral Norte, a $7.2 billion expansion project expected to come online later in the decade as BI Africa reports.
Government projections suggest that foreign investment could increase further to $5.8 billion in 2026, reinforcing confidence in Mozambique’s long-term energy strategy and its emerging role in global LNG supply chains.
As international energy players deepen their engagement, Mozambique is increasingly positioning itself as a key frontier in Africa’s LNG sector, with the potential to play a major role in meeting rising global energy demand in the years ahead.
