South Africa's neighbour, Mozambique may receive US$95 billion in natural gas exploration ?

Discussion in 'Forex' started by goldsilverratio, May 22, 2019.

  1. South Africa's Neighbour, Mozambique may receive about US$95 billion investments in natural gas exploration ? Date 22nd May.
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    Last week, the Mozambican government approved the Rovuma LNG Development Plan to exploit natural gas in the Mamba zone of Area 4 off the north coast ?
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    This is the third gas plan approved for the Rovuma basin and should catapult Mozambican GDP to new highs in the next decade ?
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    The Currency of Mozambique is the Metical. Symbol MZN ?
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    The South African Rand is by far the most widely accepted foreign currency in Mozambique followed by the the United States dollar, Euro and British Pound ?
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    https://clubofmozambique.com/news/m...illion-in-natural-gas-revenues-over-25-years/
     
  2. dozu888

    dozu888



    these cowboys really made a big change... a huge plus for the US economy... and the technology can be used all over the world to unlock the gas/oil.
     
  3. Global super major oil and gas company acquires rights in three new exploration licenses in Mozambique 9:48 CAT | 29 May 2019 ?
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    The company has acquired rights to develop blocks A5-B, Z5-C and Z5-D, located in the waters of Angoche and Zambezi Basins ?
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    Block A5-B is located northeast of the capital Maputo, in an area off the city of Angoche. It has an area of 6,080 square kilometres ?
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    Blocks Z5-C and Z5-D covers 10,205 square kilometres, in an area facing the delta of Zambezi River, north-east of Maputo ?
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    From 2011 to 2014, the multinational company discovered super giant natural gas resources in the Rovuma basin, in Coral, Mamba and Agulha fields, holding estimated 2,400 billion cubic meters of gas in place ?
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    https://clubofmozambique.com/news/e...three-new-exploration-licenses-in-mozambique/
     
    Last edited: May 30, 2019
  4. Annual SA manufacturing production surprises by growing 4.6% in April Jun 11 2019 13:10 Fin24 ?
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    South Africa's annual manufacturing production increased by 4.6% in April, according to data released on Tuesday by Stats SA ?
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    This is the biggest year-on-year percentage change in the volume of manufacturing production since June 2016 ?
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    At 4.6%, the annual growth was far above the projections of analysts, who expected a rise in the region of 1% ?
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    Stats SA reported that increases in the production of iron and steel, metals and machinery; as well as motor vehicles, parts and accessories contributed to the 4.6% rise. Production increased by 2.8% in April over March ?
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    USDZAR traded stronger from R15.16 Friday to R14.64 on Tuesday ?
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    Keep in mind their is now room to increase the South Africa Gift allowance from R100,000. to R186,210. This may help to increase motor vehicle sales further ?
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    https://businesstech.co.za/news/fin...fricans-have-to-pay-tax-on-birthday-presents/
     
  5. Mozambique: Foreign investment of $25 billion in landmark petrol development – photos 8:22 CAT | 19 Jun 2019 ?
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    The $25 billion investment is after gigantic gas reserves were discovered off the northern Cabo Delgado province ?
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    https://clubofmozambique.com/news/a...-mozambique-petrol-development-photos-134599/
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    Mozambique: Gas consortium to announce one of the largest-ever investments in the country 1:53 CAT | 17 Jun 2019
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    https://clubofmozambique.com/news/m...rgest-ever-investments-in-the-country-134461/
     
  6. Mozambique: Economic Studies Unit says the FID is also having an impact on the local currency, whose appreciation is, according to the bank, expected to continue in 2020 ?
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    The Currency of Mozambique is the Metical. Symbol MZN ?
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    “As expected, the FID for the Area 1 natural gas project announced has considerably improved the medium- and long-term prospects for the Mozambican economy,” chief economist at the Studies Unit, said in a note distributed to the press on Friday ?
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    https://clubofmozambique.com/news/a...ques-economic-prospects-standard-bank-136007/
     
  7. Mozambique and Namibia Central Banks cuts interest rates 14 Aug 2019
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    The Monetary Policy Committee of the Bank of Mozambique on Wednesday announced a cut in the bank’s key interest rates by 50 base points with immediate effect.
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    The Standing Lending Facility (the interest rate paid by the commercial banks to the central bank for money borrowed on the Interbank Money Market) falls from 16.25 to 15.75 per cent, while the Standing Deposit Facility (the rate paid by the central bank to the commercial banks on money they deposit with it) falls from 10.25 to 9.75 per cent.
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    South Africa's Neighbour, Namibia has reduced the rate to 6.5% from 6.75%. The Bank of Namibia's Monetary Policy Committee Governor told reporters Wednesday in the capital, Windhoek. The move follows South Africa's central bank reducing its repurchase rate to 6.5% last month. Keep in mind Namibia’s dollar is pegged to the South African rand.
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    The Currency of Mozambique is the Metical. Symbol MZN
    The Currency of Namibia is the Namibian dollar. Symbol N$
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    https://clubofmozambique.com/news/mozambique-central-bank-cuts-interest-rates-again-139314/