Mozambique’s economy should record an average growth of 24% a year between 2021 and 2025 due to the massive investments injected in its large natural gas deposits over the recent years, a report published by IMF on January 15 reveals.  
“The exploitation of the large natural gas deposits discovered in the Rovuma basin, off the North-western shores of the country, should attract $100 billion worth of investments,” the Washington-based institution said.
“Once production of liquefied natural gas reaches its highest in 2028 with the commissioning of the last liquefaction plant, growth for Mozambique’s real GDP will slump to 3 or 4%”, IMF adds.
It has been estimated that the reserves discovered in the Rovuma basin contain 180 billion cubic feet of natural gas, the equivalent of what all of Nigeria’s natural gas reserves combined hold. With this, Mozambique could soar to the third place in terms of export of liquefied natural gas worldwide, behind Qatar and Australia, once production reaches its highest.  
The government of Mozambique plans to use these natural gas reserves to transform their economy and get rid of their status as one of the poorest countries in the world.
South African bank Standard bank in fact, expects the economy of this country to grow 9 fold by 2035.