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Mozambique: Lowering expectations from LNG projects
May 20:
The Mozambique government has drastically reduced the number of LNG trains which are going to begin production over the 2023-30 period.
8While the number of trains has gone down, the cost of each train has gone up.
8A lower number of trains entails a lower contribution to GDP, fiscal revenue, exports, FDI, and private external financing.
8Higher development costs imply a higher debt that needs to be incurred, including by the national oil company to finance its equity participation share in the LNG mega projects.
8Will these findings have implications for the Indian trio of ONGC, BPCL and OIL who are heavily invested in at least two LNG trains as of the moment in Mozambique?
Click on Reports for more.
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8While the number of trains has gone down, the cost of each train has gone up.
8A lower number of trains entails a lower contribution to GDP, fiscal revenue, exports, FDI, and private external financing.
8Higher development costs imply a higher debt that needs to be incurred, including by the national oil company to finance its equity participation share in the LNG mega projects.
8Will these findings have implications for the Indian trio of ONGC, BPCL and OIL who are heavily invested in at least two LNG trains as of the moment in Mozambique?
Click on Reports for more.
