Mozambique LNG Project to create over 17000 jobs in US

Mozambique LNG Project to create over 17000 jobs in US

The $20 billion Mozambique liquified natural gas (LNG) project  is set to greatly benefit United States companies as well as job creation in over nine states according to the US Export Import Bank.

According to the bank the project has seen it authorize amongst the largest transactions in EXIM’s history, a $4.7 billion transaction assisting the construction of a liquified natural gas (LNG) project in Mozambique following a mandate by congress that it focus on promoting the expansion of EXIM’s financial commitments in sub-Saharan Africa.

Among the biggest beneficiary states from the project include Florida, Georgia, Louisiana, New York, Oklahoma, Pennsylvania, Tennessee, Texas, and the District of Columbia from where 68 U.S. suppliers originate from earning just under 10 percent of the project cost.

Further this sales are expected to translate to about 16,700 direct American jobs with follow-on sales expected to support thousands of additional jobs across the United States over a 5 year construction period..

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Source: OilnewsKenya

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