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    NBE: Liquefied Natural Gas Set to Transform Mozambique

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Summary

Standard Bank has estimated that the massive liquefied natural gas projects will increase the countries GDP 800% by 2035

by: Erica Mills

Posted in:

Press Notes, Africa

NBE: Liquefied Natural Gas Set to Transform Mozambique

Mozambique's liquefied natural gas, (LNG) stands to transform the country and entrench it as a leading player in the global LNG industry.  

Developing these reserves and scaling up the currently planned LNG facility to its potentially multi-train capacity, will establish Mozambique as one of the largest exporters of LNG, a commodity of increasing global prominence. 

Standard Bank estimates that developing LNG in Palma will facilitate a real GDP increase of 800% by 2035 with the Government of Mozambique receiving in excess of USD 200 billion in receipts over the life of a 6-train facility.  The opportunity scale, for developers, the Government and citizens of Mozambique, as well as private participants across all sectors, is therefore enormous.    

Read the full article HERE.