Gas could lift Mozambique’s growth to 22%
By the AFREEQUE newsroom, based on O País
TotalEnergies and ExxonMobil gas projects could lift Mozambique’s growth to around 21% or 22% by 2042. The forecast depends on ExxonMobil’s final investment decision and assumes better integration of Mozambican companies into the supply chain, according to Florival Mucave, president of the Oil and Gas Chamber.
Mozambique’s economic growth could reach 21% to 22% by 2042 if ExxonMobil’s gas project in Area 4 of the Rovuma Basin goes ahead, said Florival Mucave, president of the Mozambique Oil and Gas Chamber, quoted by O País. This projection would come on top of the development of TotalEnergies’ project in Area 1.
Mucave draws on a Standard Bank study that forecast 11% growth by 2030 with the development of the Area 1 project alone. The project has already secured its final investment decision and is in the mobilisation and preparation phase for construction of the plant. The forecast through to 2042 depends on ExxonMobil’s final investment decision, which the company has undertaken to announce this year.
The Oil and Gas Chamber is also calling on Mozambique to prepare its companies to join the supply chains for both projects. Opportunities include construction, transport, logistics, food, maintenance and carpentry. Some food products for the projects are currently bought in South Africa because Mozambican suppliers do not have sufficient capacity. Mucave believes national companies could take over some of these deliveries within the next 18 months to two years.
Candidate companies will have to obtain certifications, submit their accounts for the past three years, keep organised accounts and demonstrate their technical capabilities. This prospect comes after ExxonMobil increased its stake in Rovuma LNG to 50%, on 2 November 2026.
