Key Market Indicators
Mozambique's energy supply is projected to hit approximately 12.7 million tonnes of oil equivalent by 2028, up from around 11.8 million tonnes in 2023. This marks a steady annual growth rate of 1.2%. Since 1976, the country's energy supply has consistently grown at an average annual rate of 1.5%. In 2023, Mozambique ranked 20th globally in terms of energy supply, with Sri Lanka slightly ahead at 11.8 million tonnes of oil equivalent. Leading the global rankings were France, Saudi Arabia, and the United Kingdom, occupying the second, third, and fourth spots respectively.
