[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
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.