Mozambique Declares New Oil Production a Game Changer for Southern Africa
Mozambique has begun commercial production from its offshore Rovuma Basin natural gas fields, marking what the government describes as a transformative moment for the country and t...
Mozambique has begun commercial production from its offshore Rovuma Basin natural gas fields, marking what the government describes as a transformative moment for the country and the wider southern African energy market.
The liquefied natural gas facility will produce 12 million tonnes annually at full capacity, making Mozambique one of Africa’s top five LNG exporters.
Revenue projections suggest Mozambique could earn $95 billion from the fields over the next 25 years.
Economists and civil society groups have urged government to establish robust revenue management institutions to prevent the resource curse that has afflicted other African oil producers.
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