Employment / Technology / Economy / Africa
Mozambique set for largest natural gas project in Africa
7 Oct 2019 - by
The Mozambique government will commemorate its largest liquefied natural gas project (LNG) in Africa in Maputo on 8 October, according to the Mozambican Ministry of Mineral Resources and Energy. The Mozambican government confirmed that American oil and gas heavyweight, Exxon Mobil, would sign off an initial investment of $33bn to build infrastructure and lay the ground work for a project in the north-eastern province of Cabo Delgado.
Demand for the development of clean, reliable and affordable fuel grow, the discovery of natural gas fields in the waters of three reservoirs in Area 4 block of the Rovuma basin gave birth to the Rovuma LNG project.
The project – which sits on the Tanzania-Mozambique border – will create around 5 000 job opportunities for local residents, with the 15.2-million-ton-per-year gas liquefaction being considerably larger than Total’s project nearby.
“We look forward to progressing the project and working with the government to maximise the long-term benefits that it will bring,” a spokesman for Exxon said in an emailed response to questions.
The proposed deal will revolutionise Mozambique’s $15-billion economy, and comes in the nick of time for Mozambique President, Filipe Nyusi’s, election aspirations as the country gears up for general elections next week.