Mozambique Eyes $100 Billion LNG Windfall As It Prepares To Ship Its First Cargo ...Middle East

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Mozambique Eyes $100 Billion LNG Windfall As It Prepares To Ship Its First Cargo
source : OILPRICE ( Middle East ) () 24
For years, Mozambique, the world’s 3rd poorest nation, has been eagerly looking forward to reaping the windfall from the discovery of mammoth natural gas reserves off its west coast nearly a decade ago. Last year, experts estimated that the southeast African nation could generate $12bn annually by exporting 30 million tons from its three existing LNG projects by European energy giants. Mind you, back then, LNG prices were hovering around $8.50 per million British thermal units, a fraction of the current $29.35 per million British thermal…

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