“The signing of the financing for Area 1 LNG (liquefied natural gas) in Mozambique heralds a new era of industrialisation for the country and the rest of the region,” a statement by the AfDB’s director of Industrial and Commercial Development, Abdu Mukhtar, says.

The project, worth US$20 billion (€17.5 billion), is the largest private investment underway in Africa.

For more information, please see https://clubofmozambique.com/news/gas-project-in-mozambique-opens-a-new-era-in-the-country-afdb-166004/