AGP Executive Report
Last update: 10 hours agoRovuma LNG Momentum: ExxonMobil Moçambique has picked the SMDC joint venture for Rovuma LNG Phase 1 midstream engineering, procurement and construction planning, issuing McDermott Energy Solutions a letter of intent for limited engineering and procurement as Area 4 partners work toward a final investment decision expected in 2026; the onshore project is set for 12 modular liquefaction trains targeting 18.6 million tonnes per year, with start-up pencilled for 2031. Gas Revenue Politics: A UK government tax-and-economic governance programme worth about £13.2m is criticised for helping Mozambique collect and manage gas revenues, even as critics argue Britain should be funding domestic energy relief instead. Trade & Roads: An AfDB-backed Eswatini road upgrade (MR14/MR21) aims to cut transport costs and travel times by half and lift trade volumes with South Africa and Mozambique by 5%, with climate-resilient works and jobs included. Regional Shock Watch: A new analysis flags how Strait of Hormuz shipping disruption keeps fuel prices high, squeezing Mozambique and other petroleum-importing economies and complicating industrialisation plans. Labour Pressure Spillover: South Africa’s anti-immigrant crackdown has triggered a major migrant exodus, leaving farms and factories short-handed—an issue with knock-on effects for regional supply and production.
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