The presence of huge offshore gas reserves on both sides of the Tanzanian-Mozambican maritime border has been known for at least a decade. Local demand in the region is limited, so LNG was the obvious option, as it allows the gas to be shipped by tanker around the world. Russia has long been the world’s biggest gas supplier but Moscow restricted piped gas supplies to most of its European customers in response to the sanctions that European governments imposed on Russia over the invasion. The strategy has driven up LNG prices across the world, as European customers have competed with their Asian counterparts for available supplies. That will not be a problem, however, if the bulk of the gas is shipped to Asian customers.

Source: The North Africa Journal April 18, 2023 15:25 UTC