BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC NEWS
 You are in: Business
Front Page 
World 
UK 
UK Politics 
Business 
Market Data 
Economy 
Companies 
E-Commerce 
Your Money 
Business Basics 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 


Commonwealth Games 2002

BBC Sport

BBC Weather

SERVICES 
Tuesday, 27 November, 2001, 17:15 GMT
Mozambique's gas windfall
Maputo street scene
The development of gas should benefit the Mozambique economy
The development of Mozambique's gas resources could generate about $21.4bn for its economy over the next 25 years, a report suggests.

PLJ Financial Services believes that it could also change the South African economy, reducing its reliance on oil and providing an alternative to cheap coal.

Dawie Roodt, chief economist at PLJ Financial Services, estimates that Mozambique could earn about $400m a year from the gas produced.

Considering that "the Mozambique economy for a whole year is roughly about $4bn...then obviously this is really something...a very large project for the whole economy," he told the BBC's World Business Report.

This could add 10% to national economic growth for the next two years, and 2% every year after that.

It will also benefit its end-user, South Africa, to the tune of about $3.2bn over 25 years.

The biggest consumer of Mozambique's gas is likely to be South Africa's Sasol, who is expected to use the gas in its chemical production as well as to produce petrol.

 WATCH/LISTEN
 ON THIS STORY
Dawie Roodt, PLJ Financial Services
"The Mozambique economy has been growing quite strongly in the last couple of years"
See also:

07 Sep 01 | Country profiles
Country profile: Mozambique
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories