Tuesday, July 2, 2019
Mozambican political crises.
The IMF on June 21 predicted that Mozambican growth would increase to double digits from 2023 onwards, when prospective LNG projects come online. The Fund’s assessment came just days after an Anadarko-led consortium announced a final investment decision (FID) for a massive offshore LNG development in Area 1 of the Rovuma Basin in northern Cabo Delgado province. FID is expected to be followed later this year or early next by confirmation of a similarly largescale ExxonMobil-led project in Area 4 of the Rovuma Basin.