The economist who follows Mozambique¡¯s economy at the United Nations told Lusa on Sunday, January 21, that the restart of major natural gas extraction projects in the north of the country is the main driver of growth.
Will Saipem restart liquefied natural gas project in Mozambique?
REUTERS/Alessandro Garofalo/File Photo Purchase Licensing Rights MILAN, Feb 28 (Reuters) – Saipem (SPMI.MI) has agreed to restart a liquefied natural gas (LNG) project in Mozambique for TotalEnergies (TTEF.PA) in July, the chief executive of the Italian energy services group said on Tuesday.
How much is Saipem’s ‘Mozambique’ contract worth?
The contract has a value of 3.5 billion euros ($3.72 billion) for the Italian group. "We expect to gradually restart the (Mozambique) project, according to the information received by our clients, starting from July this year," Saipem CEO Alessandro Puliti said during a call on the group’s results for 2022.