ENI, Mozambique's Area 4 operator, will make a final investment decision (FID) still by March and conclude the financial package by the end of the first half of 2017.

The Mozambican government’s oil and gas company ENH will have to pay $800m for its share of 10% in the natural gas exploration project in Area 4 of the Rovuma Basin.

The China National Petroleum Corporation (CNPC) has announced that it is considering investing in construction facilities for natural gas exploration and processing in Mozambique.

According to the president of Mozambique's national oil and gas company (ENH), oil companies operating in the country will need to invest $31b over the next few years to begin exploration of the natural gas reserves discovered in the north.