This Is Africa: As Investment Decisions Pend, Mozambique’s Gas Boom Town Rides Out the Lull
The bar and restaurant at the Nautilus, a luxury hotel on Wimbe beach in the northern Mozambican town of Pemba, is busy with foreign guests and visitors every night of the week.
The buzz of activity defies talk of an exodus of hundreds of expatriates since Anadarko and Eni, the two companies leading efforts to transform one of the world’s poorest countries in the world into a major exporter of natural gas, ended exploration operations earlier this year.
A change in Mozambique’s government and the falling global oil price have contributed to delay the start of projects to extract and liquefy huge natural gas finds in the Rovuma basin off the coast of Cabo Delgado, Mozambique’s northernmost province.
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