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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
Even with the collapse of energy prices, Mozambique’s economy appears poised for explosive growth thanks to discoveries of huge offshore natural gas fields. President Filipe Nyusi’s government has committed to much-needed economic and financial reforms. Yet cracks in Mozambique’s political system, especially the failure to incorporate the opposition Renamo party, c...