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
Learning from oil’s supercycle miss
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
Explainer: What do Russia’s oil giants own overseas?
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Opinion
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
Opinion
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026

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