Mozambique prepares to revamp economy with natural gas reserves under new leadership – Firstpost

Mozambique, one of the world’s poorest countries, is working to convince TotalEnergies to resume a $20 billion natural gas export project. The country aims to revitalize one of Africa’s largest-ever investments and improve its economy. The ruling party in Mozambique, Frelimo, has chosen an unexpected candidate, Daniel Chapo, to lead the party as its presidential nominee for the upcoming elections in October.

Chapo, a lawyer and former radio host, currently serves as the governor of the province of Inhambane. He has not held a position in the national government before but was selected by Frelimo to replace President Filipe Nyusi as its flagbearer. Frelimo has been in power since 1975 and is likely to win the upcoming elections.

Despite being a strong candidate, Chapo faces challenges in leading Mozambique as it deals with security concerns and allegations against TotalEnergies. The project was halted in 2021 due to attacks by Islamic State-affiliated rebels in the province of Cabo Delgado, resulting in the deaths of hundreds of people. While there have been positive signs of progress, intermittent attacks continue to pose a threat. Furthermore, French prosecutors are investigating allegations of involuntary manslaughter against TotalEnergies for failing to protect its subcontractors adequately. Nyusi has expressed frustration over the delays in accessing Mozambique’s vast gas reserves.

Chapo will need to address these issues and assure stakeholders that doing business in Mozambique is safe. As the country navigates these challenges, it is crucial for its economic development and stability that the natural gas project proceeds successfully.

Mozambique’s natural gas exports are expected to bring significant benefits to its economy if they are realized successfully.

By Samantha Johnson

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