#Country Updates #Gas, LNG & Power #Mozambique #News

Mozambique talks up local content in gas work

Mozambique talks up local content in gas work

Speakers talking about Mozambique at the Energy Industries Council’s (EIC) virtual Energy Exports Conference (VEEC) were keen to stress local benefits. The Mozambique LNG and Rovuma LNG projects will involve major investments in local companies, Instituto Nacional de Petróleo (INP) president Carlos Zacarias said. The former will involve $2.5 billion of work dedicated for local business while the latter involves $3bn, he said.

Rovuma LNG has not yet reached final investment decision (FID) but this is expected in 2021. “More than 5,000 jobs will be created during construction for Mozambicans and 1,000 during operations,” Zacarias said on Mozambique LNG. Rovuma LNG is likely to involve similar employment.

The discovery of gas has “fundamentally changed the Mozambique economy”, said Câmara de Gás e Petróleo de Mocambique (CPGM) president Florival Mucave. The government expects revenues from LNG to reach $4.5bn per year for 25 years, once LNG starts flowing, he said.

Click on the link below for full report

Source: EnergyVoice

Leave a comment

Your email address will not be published.