Both ENDS
At the end of last week, oil and gas company Total announced that, through its export credit insurer Atradius DSB, the Dutch government is participating in a funding package for a controversial gas extraction project in Mozambique. The project, in which various Dutch and foreign companies are involved, is having a deep impact on the local population and the natural environment in the area. Which Dutch companies the government will be insuring is not yet clear.
COVID-19is placing our economy under a magnifying glass. Now that a large part of global trade has come to a standstill, the tension between international economic activity and local well-being is becoming more visible. That is very clear in northern Mozambique, where one of the world’s largest gas fields was discovered in 2011. Dutch companies are investing in the processing and transport of the gas.