{"id":40703,"date":"2023-06-15T11:06:32","date_gmt":"2023-06-15T11:06:32","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/tanzania-gas-plans-add-pressure-for-progress-in-countrys-own"},"modified":"2023-06-15T11:21:21","modified_gmt":"2023-06-15T11:21:21","slug":"tanzania-gas-plans-add-pressure-for-progress-in-countrys-own","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/tanzania-gas-plans-add-pressure-for-progress-in-countrys-own","title":{"rendered":"Tanzania gas plans add pressure for progress in country\u2019s own"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The Centre for Public Integrity (CIP), a Mozambican non-governmental organisation (NGO), said this Friday that Tanzania\u2019s announcements about investments in natural gas put pressure on Mozambique, and that the country should accelerate its projects without jeopardising principles.<\/p>\n<p>\u201cTo maximise gains from gas, Mozambique must move forward urgently\u201d, because \u201ccompetition with Tanzania in the sector reduces the window of time\u201d for the country \u201cto operationalize its projects\u201d, an <b>analysis<\/b> by economist Rui Mate published by CIP reads.<\/p>\n<p>The Tanzanian government has announced that it expects to sign agreements this month with oil companies Shell and Equinor to develop a liquefied natural gas (LNG) project off the country\u2019s coast worth about US$42 billion (\u20ac39 billion).<\/p>\n<p>The final investment decision (FID) is scheduled for 2028, which puts the start of exploitation for after 2030.<\/p>\n<p>In Mozambique, of the three LNG projects in the Rovuma basin expected to boost the country\u2019s economy, only the smallest \u2013 a floating platform \u2013 is active.<\/p>\n<p>Regarding the two largest, with a combined volume of investment similar to that of Tanzania, the project led by TotalEnergies was suspended in 2021 in mid-construction by armed attacks in Cabo Delgado, while the one led by ExxonMobil is being reconfigured, still with no final investment decision (FID) made.<\/p>\n<p>\u201cThe Tanzanian gas project undoubtedly represents competition for Mozambican projects,\u201d economist Rui Mate notes, stressing that the sector \u201crepresents the light at the end of the tunnel for Mozambique to, in the short term, experience structural transformations in terms of economic and social development\u201d.<\/p>\n<p>The economist considers that \u201cTanzania\u2019s competitiveness could stimulate the spirit of survival and the need for Mozambique to stand out in the hydrocarbon market, which could play an important role in the operationalization of the projects\u201d.<\/p>\n<p>In short, \u201cthe government and companies will feel pressured by the possibility of losses if there is no advance in good time\u201d.<\/p>\n<p>Faced with this pressure, Rui Mate identified three risks to be mitigated.<\/p>\n<p>Firstly, he considered it necessary to improve \u201ccrucial aspects of security and human rights\u201d, secondly, to avoid, by way of facilitation, \u201cnegotiating benefits for the state in a short-term view\u201d, and, finally, to reinforce \u201clevels of transparency\u201d.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The Centre for Public Integrity (CIP), a Mozambican non-governmental organisation (NGO), said this Friday that Tanzania\u2019s announcements about investments in natural gas put pressure on Mozambique, and that the country should accelerate its projects without jeopardising principles. \u201cTo maximise gains from gas, Mozambique must move forward urgently\u201d, because \u201ccompetition with Tanzania in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":40702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-40703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tanzania gas plans add pressure for progress in country\u2019s own - 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