The Mozambican government has projected that the country's economy will expand by an average of 4.9% annually starting in 2027, with growth accelerating to 9.5% by 2029 as new liquefied natural gas (LNG) production units come online.
The forecast, reported by Club of Mozambique, positions the energy sector as the primary engine for the nation's economic recovery and long-term development.
2 billion during the event, aiming to attract capital to support the broader economic agenda beyond the energy sector.
This optimistic outlook contrasts with recent reports highlighting significant operational and security hurdles facing a $20 billion LNG project in the country.
While previous coverage noted challenges that have weighed on investor sentiment, the government's updated projections suggest that the entry of new operational units is expected to overcome these headwinds and drive substantial macroeconomic expansion.
The timing of the announcement coincides with preparations for the 21st Annual Private Sector Conference (CASP) in Maputo, scheduled for July 14-15.
Mozambique is set to present a portfolio of investment opportunities valued at approximately $1.2 billion during the event, aiming to attract capital to support the broader economic agenda beyond the energy sector.