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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya






