President Filipe Nyusi said that the country will enter a new era of economic development with investments in the natural gas sector, highlighting job creation, state revenues and industrialization of the country.
Filipe Nyusi welcomed the prospects that open up the Mozambican economy with investments in natural gas, when he spoke about the State of the Nation, in the Assembly of the Republic.
“The development of liquefied natural gas production projects in the Rovuma basin, Cabo Delgado province, northern Mozambique, will entail investments of $ 53 billion over the next few years,” said Nyusi.
More than 40,000 direct jobs will be created by companies involved in the production of liquefied natural gas and this resource will also supply the Mozambican market and be exported.
As evidence that natural gas ventures in the Rovuma Basin are irreversible, the US-led consortium Anadarko announced in June the final investment decision of $ 23 million for Area 1.
On August 5th, the foundation stone of the consortium’s liquefied natural gas production infrastructure will be laid in Afungi, Cabo Delgado.
The venture will have the capacity to produce 12 million tons of liquefied natural gas per year.
On the other hand, the consortium led by ENI and Exxon Mobil is finalizing the construction of a floating platform with capacity to produce 3.37 million tons of liquefied natural gas.
Source: Folha de Maputo