Mozambique's Economy to Expand Annual 24% by 2021, IMF Says
- Mozambique may be the world's third-biggest gas exporter
- Rovuma gas fields estimated to hold 180 trillion cubic feet
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Mozambique’s economy may expand by an annual 24 percent from 2021 to 2025 once natural gas production begins, the International Monetary Fund said.
The nation’s Rovuma offshore gas fields in the north will be sub-Saharan Africa’s largest in terms of investment size with the project forecast to soak up more than $100 billion, the Washington-based institution said in an e-mailed report.