Mozambique gas bonanza hinges on state finishing LNG laws

MAPUTO, Mozambique (Bloomberg) -- More than half a dozen yellow tower cranes planted in the hillside above Mozambique’s capital are visible from a single vantage point at Anadarko Petroleum Corp.’s office. There are more poised along the beachfront in the other direction. “That’s anticipation,” said John Peffer, country manager for The Woodlands, Texas-based oil and gas explorer. Peffer’s referring to the prospect of developing the world’s largest natural-gas discovery in a decade off Mozambique’s northern coast. It’s a resource that could help the economy in one of Africa’s poorest countries grow 10-fold by 2035, according a Standard Bank Group Ltd. report.

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