Reuters: Bigger battle awaits Mozambique, Tanzania in East Africa gas race

Mozambique and Tanzania are locked in a race to be first to export gas from East Africa, but a bigger battle awaits as the United States and others gear up for a share of the global gas market.

Liquefied natural gas (LNG) shipments from huge recent discoveries could transform their struggling economies, where average annual incomes languish below $600 and life expectancy is less than 60 years.

As things stand today, natural gas is the fastest-growing fossil fuel and the market is tight, boding well for these would-be sellers.

Yet return on investment for the companies footing the hefty upfront costs will hinge on how fast they can reach market and how much gas is found as new rival LNG exporters come to market at the same time or sooner. MORE

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