What economic impact does Standard Bank project for Mozambique from Exxon's Rovuma LNG project by 2056?

Standard Bank projects that Exxon Mobil’s Rovuma liquefied natural gas project will add $81 billion to Mozambique’s sovereign wealth fund by 2056, boost annual GDP by up to $11 billion, generate about $4 billion in annual fiscal revenue, create tens of thousands of jobs, raise household income by 21%, and lift the country’s economic growth rate to 4.1%.

How does Standard Bank link the Rovuma LNG project to Mozambique’s fiscal and debt challenges?

According to Standard Bank Mozambique CEO Bernardo Aparício, fiscal revenues from the Rovuma project 'will play a critical role in reducing sovereign debt and strengthening public investment, while also driving economic growth'.

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Standard Bank Sees Exxon Mozambique Gas Project Boosting Growth

Jun 8, 2026

Standard Bank estimates Exxon Mobil’s $30 billion Rovuma LNG project could boost Mozambique’s economy by $11 billion annually upon production starting in 2030. The initiative aims to reduce sovereign debt while positioning the nation as a major global gas supplier.

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