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 Thursday in the Capital, Maputo.
(Bloomberg) — 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 Thursday in the Capital, Maputo.
Japan will encourage “the entry of more Japanese businessmen” in Mozambique, Kishida said. “Cooperation in the energy sector with the development of liquefied natural has projects” will continue, he said.
Tokyo-based Mitsui & Co. holds a 20% stake in Mozambique’s flagship $20 billion LNG project. Led by TotalEnergies, the project has been halted for more than two years due to Islamic State-linked terrorist attacks in the region.
Kishida promised financial support for Mozambique to counter terrorism.
“Security is crucial for the operation of Japanese companies in northern Mozambique. Japan will financially support the fight against terrorism,” he said.
The Mozambican government had recently announced that it will receive maritime surveillance equipment and a ship donated by the Japanese government worth $800 million.
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