From the point of view of economic growth, the announcement of the start of the export of Liquefied Natural Gas extracted in the Rovuma basin by the Coral Sul FLNG project in Cabo Delgado province is transformative, considers the largest business organization and leader of the Mozambican Private Sector, CTA.

"With this step, it is expected that the performance of the national economy will tend to improve, with economic growth rates of between 5% and 7% projected for the next few years, with a particular contribution from increased exports, which could improve the trade balance," says the CTA.

As a result of the revenue that the country will raise, the CTA hopes that there will be a "reduction in the current pressure on fiscal accounts and public indebtedness, thus contributing, on the one hand, to increasing the space for more public investment and, on the other, to speeding up the payment of bills owed to the private sector.

The CTA's expectations don't end there. The Private Sector leaders say that in terms of national business performance, "we expect the Business Robustness Index computed by the CTA (currently set at 29%) to improve significantly in the short and medium term, since companies, especially those directly or indirectly linked to the LNG sector, will be able to register a greater flow of activity and an estimated turnover of 3.3 billion dollars per year will be generated in the supply chains," based on a 2019 Standard Bank macroeconomic study.

In the field of the supply of goods and services, the business community also wants to ensure greater diversification of the economy.

"We would like to see greater involvement of Mozambican companies in the supply of goods and services such as industrial maintenance, construction, hotels and restaurants, catering, logistics, cleaning services, among others," said CTA.

It is worth remembering that with the start of LNG exports Mozambique is effectively joining the group of countries producing this important global commodity and is helping to alleviate the global energy crisis.