No one doubts that gas fields in the Rovuma Basin offshore Mozambique and Tanzania hold huge reserves of gas. A 27 April-8 May International Monetary Fund (IMF) staff mission to Maputo concluded: “Mozambique’s plans to develop its oil and gas sector in the Rovuma Basin will represent one of the largest investments ever seen in Africa (up to $100bn) and could transform the country into the third largest liquefied natural gas (LNG) exporter in the world.” The critical question is how quickly that gas can be brought to market, and in what direction it goes.
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