AGP Executive Report
Last update: 5 hours agoRovuma LNG Push: ExxonMobil awarded $1.1bn in pre-FID contracts for Mozambique’s Rovuma LNG Phase 1, including long-lead subsea systems and offshore line-pipe work, signaling momentum toward final investment decisions in Cabo Delgado. Rovuma Supply Chain: Corinth Pipeworks won a major line-pipe package for Phase 1, covering about 250km of submerged arc-welded pipe plus coatings—another step for local industrial participation around the LNG buildout. Roads & Connectivity: Mozambique’s National Roads Administration secured $50m from the Saudi Fund for EN1 rehabilitation, including widening, drainage works and safer crossings on key Maputo-area sections. Tanzania–Mozambique Investment: MeTL Group pledged $250m to invest in Mozambique and target 20,000 jobs, with plans spanning manufacturing, agriculture, energy, logistics and other sectors. Rare Earths Study: NeoTerra selected a contractor for a US$1.88m Mozambique rare earth pre-feasibility study, starting with sampling and processing cost/viability work in Tete. Regional Water Governance: Malawi, Mozambique and Tanzania signed the Ruvuma/Rovuma Establishment Agreement to complete basin-wide transboundary water management. Security & Illicit Trade: South African police uncovered a R600m crystal meth lab near Musina, with arrests including two Mexicans, highlighting cross-border organised crime links affecting the region.
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