Mozambique needs US$50 billion to develop natural gas sector

28 June 2012

Mozambique needs US$50 billion to develop its natural gas sector, the country’s Mining Resources Minister, Esperança Bias said in Cape Town recently.

She made the statement at an international mining conference held in Cape Town, in neighbouring South Africa.

“The Mozambican government wants companies that are prospecting to build natural gas processing plants in the country,” said Bias, cited by Mozambican newspaper Notícias.

Bias also said that the government did not plan to increase taxes on mining and added that the companies involved would be consulted if this position was changed.

Last week, Clean Carbon Industries (CCI) announced it plans to build a coal-to-liquid fuel production plant in Mozambique. (macauhub)