Project – halted after guerrilla attacks – vital to east African republic’s economy, and would ease energy crunch in Europe following Russian supply squeeze.
Cabo Delgado province
Region returns to normal after government forces resume control from insurgents. Renovation likely to cost US$9 million.
Reserves believed to be the largest in the world capable of producing more than 3.4 million tonnes per year; violence in Cabo Delgado delays other projects.
Port, vital for nearby LNG operations, was laid waste by terrorists, who looted town and destroyed energy, water, communications and hospital installations.
Ship to guard and provide maintenance for Coral Sul platform, which is expected to produce 3.4 million tonnes of LNG per year.
Fitch Solutions’ positive forecast tempered by continued insurgent activity in country’s north which ‘may delay development of natural gas sector’.
