FeaturesOpinion and Analysis

Offshore gas finds offered major promise for Mozambique: Now it is a battleground

Want to know what the war is about? Well the gas projects are estimated to be worth US$60 billion in total By Theo Neethling Recent events in Palma, a town in the volatile Cabo Delgado province in the north of Mozambique, have taken bloodshed in the region to new levels. Dozens of people were killed when hundreds of Islamist militants stormed the town on Wednesday, 25 March. They targeted shops, banks and a military barracks. The attack has been devastating for the people living in the area – as well as the country. The escalating violence has already left at least a thousand dead and displaced hundreds of thousands more. The conflict has put a temporary lid on plans that have been in the making for more than a decade since rich liquefied natural gas (LNG) deposits were discovered in the Rovuma Basin, just off the coast of Cabo Delgado. Western majors like Total, Exxon Mobil, Chevron and BP entered the Mozambique LNG industry as well as Japan’s Mitsui, Malaysia’s Petronas and China’s CNPC. The gas projects are estimated to be worth US$60 billion in total.

Get unlimited access to all our premium content

Plans starting at $1/month. Cancel anytime.

What's your reaction?

Related Posts

1 of 177

Leave A Reply

Please Login to Comment.

Scan the code