Gas project forecast to lift Mozambique's economy

ExxonMobil’s gas project is projected to boost Mozambique’s economy by over 4% annually once production begins in four years, with Standard Bank estimating $150 billion in tax revenue over 30 years. The project, alongside TotalEnergies’ $20 billion initiative, aims to position Mozambique as a liquefied natural gas supplier amid global supply disruptions. However, progress depends on stability in northern Mozambique, where an armed insurgency has caused delays.