Mozambique: Standard Bank Believes Resumption of LNG Project Will Improve Business Confidence

Maputo — The Mozambican branch of the South African Standard Bank believes that the resumption of natural gas liquefaction projects in the northern province of Cabo Delgado will improve the country’s business confidence and foreign exchange inflows.

The French oil and gas company, Total Energies, heads the Mozambique LNG Project, located on the Afungi peninsula, in Palma district. The project, which is budgeted at about 20 billion dollars, was forced to halt operations in 2021 following a major…