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Mozambique's dreams of
gas riches moved closer to reality this month with the signing of an $8 billion
LNG export project led by Italy’s Eni in cooperation with Exxon Mobil. The
timing could not be better for a desperately poor country whose success story
has gone sour amid a massive corruption scandal and aid cutoff. What happens
next depends on whether Mozambique’s feuding parties manage not to blow this opportunity.
Anonymous GIS Expert
Xi Jinping’s anti-corruption drive has involved hundreds of thousands of arrests at all levels of power, civilian and military. Corrupt officials are the second biggest concern for the Chinese, after inflation, so his move appears to be partly to increase his support, particularly in view of looming economic problems. Doubts remain as to whether Mr Xi’s campaign is...
Russian energy giant Gazprom has landed one of the biggest gas deals in history with China. But the 30-year contract, worth US$400 billion depends on laying thousands of miles of pipelines from new remote gas fields. It raises doubts about the profitability of the bilateral deal and which power emerges as the likely winner.
Dr. Frank Umbach