[QODLink]
Africa
Mozambique looks to harvest energy reserves
Investors pour into country after reserves of natural gas twice the size of Saudi Arabia's discovered.
Last Modified: 28 Oct 2012 07:31

More than half the population of Mozambique's run-down capital Maputo live in poverty, despite the country being one of the world's new energy hotspots.

Huge reserves of natural gas have been discovered off the coast, part of an enormous block experts say is twice the size of Saudi Arabia's.

Investors are already pouring in, a $1bn redevelopment of the waterfront is planned and there could be many more benefits if the government can keep up.

But the government lacks infrastructure and skilled Mozambicans. At the moment the only existing gas plant is run by the South African company Sasol.

Although the vast majority of the gas will be exported, some believe that Africa's resources should stay in Africa.

Al Jazeera's Tania Page reports from Maputo.

127

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Featured
Venezuela's president lacks the charisma and cult of personality maintained by the late Hugo Chavez.
Despite the Geneva deal, anti-government protesters in Ukraine's eastern regions don't intend to leave any time soon.
Since independence, Zimbabwe has faced food shortages, hyperinflation - and several political crises.
After a sit-in protest at Poland's parliament, lawmakers are set to raise government aid to carers of disabled youth.
A vocal minority in Ukraine's east wants to join Russia, and Kiev has so far been unable to put down the separatists.
join our mailing list