In the News
Ten Years On - Mozambique starts to export liquified natural gas
13th November 2022
This is an important growth and development story to keep an eye on as application for your exams. For Mozambique -- one of the world’s poorest nations -- it marks the end of a decade-long wait to start driving export revenues from one of Africa’s largest offshore gas fields.
Mozambique has started exporting liquefied natural gas for the first time, in a move the country’s President Filipe Nyusi has described as historic.https://t.co/tCkcRzSqSt pic.twitter.com/1XpLOmsvG7
— BBC News Africa (@BBCAfrica) November 13, 2022
Will it prove to be transforming for their economic growth, lifting per capita incomes and providing the government with tax revenues from the rents associated with natural resource extraction?
Or is Mozambique at risk of primary product dependency and the natural resource curse that has afflicted many similar nations in the past?
Big moment for #Mozambique. It's exported its first shipment of liquefied natural #gas. This and further cargoes could help ease Europe’s energy crunch as Russia squeezes supplies. #LNG https://t.co/HHGkS8VY2s @mattstephenhill @BorgesNhamirre
— Paul Wallace (@PaulWallace123) November 13, 2022
- Economics
- Blog
- In the News
- Mozambique
- Natural Capital
- Natural Resource Trap
- Development Traps (Collier)
- Oil and gas
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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