Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Tom Bowker
19 February 2016
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Doubts linger in the Rovuma

Mozambique offshore gas could transform its economy. But plans to use it domestically or build a lucrative export business have hit a number of problems

With an estimated 180 trillion cubic feet (cf) of natural gas lying in the Rovuma basin offshore its northern coast, Mozambique believes it is on the cusp of economic transformation. Last year, the metical lost half its value against the dollar, consumer inflation soared and analysts predicted rioters would take to the street. But this year, the money is supposed to start pouring in as investors start to develop the gas trove.  Whether or not that happens though, is debatable. The accusations thrust at the government in recent times include widespread corruption, and more recently atrocities that have led to an estimated 6,000 villagers in the country’s north fleeing to Malawi. That, coupled

Also in this section
Venezuela mismanaged its oil, and US shale benefitted
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
Outlook 2026: From wells to wafers – How MENA is powering the new energy–data nexus
Outlook 2026
14 January 2026
Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing
Outlook 2026: Peru 2026 – A confident step into a new energy era
Outlook 2026
14 January 2026
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
Europe’s rising energy security challenge
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search