AGP Executive Report
Last update: 5 hours agoRovuma LNG Contracting: ExxonMobil has picked the SMDC joint venture for Rovuma LNG Phase 1 midstream engineering, procurement and construction work, with limited EPC services via a letter of intent to support project definition ahead of a 2026 final investment decision; the SMDC team includes Saipem, McDermott, Daewoo E&C and CPECC, targeting 12 modular liquefaction modules and LNG start-up expected in 2031. Rovuma LNG EPC Selection: Daewoo Engineering & Construction also received its own LOI as part of SMDC, covering preliminary design, procurement and constructability reviews for the 18.6 mtpa liquefaction facility plus a gas-fired power plant for electric-driven liquefaction. Health Infrastructure Funding: Mozambique will build two new hospitals in Ngaúma and Mecanhelas (Niassa) with BADEA funding of $21m, starting July 2027 and aiming for completion by December 2028. Vocational Training for Industry: Italy-backed programmes in Mozambique are pushing co-investment between government, industry and training providers to expand internships and work-study links under an “Alliance for the Future.” Electricity Supply Pressure (Regional): South Africa reported 13 straight years of falling electricity generation, underscoring the power constraints that can slow industrial and logistics growth. Food After Floods: Mozambique’s flood recovery is turning into a hunger crisis as lost harvests and damaged assets drive higher food prices.
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