Mozambique GDP could rise by 800 percent with LNG projects if…

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(2015-05-20) Mozambique’s GDP could see a significant lift if the current LNG plants in the country can be upscaled to take advantage of the country’s gas reserve.

If the planned LNG plants are upgraded to multi-train facilities, it is estimated that Mozambique will become one of the world’s leading gas exporters by 2022.

The significant income set to be generated from the projects could prompt rapid growth in the country’s economy and GDP could rise by as much as 800 percent in the coming decade.

Mozambique is estimated to be holding over 150 trillion cubic feet (Tcf) of gas reserves.

Only Nigeria and Algeria have higher gas reserves in Africa.

Source: Africa Briefing

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