Mozambique Requires Adequate Legal Framework and Local Infrastructure to Emerge as a Future Exporter of LNG New Report
Summary: Mozambique, one of the poorest economies in the world, seems poised to cash in on a gas-boom following a series of gas findings in the Rovuma Basin by US company Anadarko Petroleum and Italy's Eni S.p.A. One of the fastest developing energy players in East Africa, the country aims to attract investments of about $50 billion by 2018-2020 to become a Liquefied Natural Gas (LNG) exporter by setting up LNG export terminals
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