Area 4’s Rovuma liquefied natural gas (LNG) project is set to transform Mozambique into a long-term leading LNG supplier.
An independent macroeconomic study, prepared by Standard Bank, has indicated that the project is set to attract between $27 billion and $32 billion in investment, and employ 20 500 workers during construction and 1 300 workers during operations.
“This will drive broader national development and social transformation, especially with regard to domestic small and medium-sized enterprise formation,” said Paul Eardley-Taylor, Standard Bank’s head of oil and gas for Southern Africa.
Construction has been earmarked for completion in 2025, with operations expected to commence in 2024, continuing up to 2049 as part of the operational phase, which includes production and exports.
