AGP Executive Report
Last update: 2 hours agoRovuma LNG Momentum: ExxonMobil Mozambique has issued letters of intent advancing Rovuma LNG Phase 1 midstream work, with McDermott’s SMDC joint venture set for limited engineering and procurement as partners push toward a 2026 final investment decision; the onshore plan targets 12 modular liquefaction modules producing 18.6 million tonnes of LNG per year, with start-up projected for 2031. Rovuma LNG EPC Selection: Daewoo Engineering & Construction says SMDC has been selected for the EPC contractor role for Rovuma LNG Phase 1 and received an LOI for preliminary design, procurement and constructability reviews ahead of full construction. Health Infrastructure Funding: Mozambique will build two hospitals in Niassa’s Ngaúma and Mecanhelas districts, budgeted at $21m and funded by BADEA, with construction due to start in July 2027 and finish by December 2028. Regional Industrialisation Push: Tanzania and Mozambique are urged to deepen cooperation beyond trade volumes, focusing on building industries, strengthening regional value chains and creating jobs, with natural gas highlighted as a key lever. Disaster Aftermath: Gaza province continues to face hunger after the 2025-26 floods destroyed wells, livestock and gardens, leaving households with lost harvests and rising food prices.
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