Japan wants its companies to invest in Mozambican gas | Business

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Japanese investors will be supported to increase investment in natural-gas projects in Mozambique as the Southeastern African country aims to develop giant offshore projects, Prime Minister Fumio Kishida said. | News24_Business

Japan last year regained its position as the world’s biggest LNG importer, overtaking China as prices for the fuel soared after Russia’s invasion of Ukraine. Security in Mozambique’s Cabo Delgado province that’s home to major gas projects has improved significantly since regional troops arrived to assist the government, but some attacks persist."Security is crucial for the operation of Japanese companies in northern Mozambique," he said.

Mozambique had recently announced that it will receive maritime surveillance equipment and a ship donated by the Japanese government worth $830 000.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

 

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