Wings opens new Mozambique operation

WINGS Travel Management is
establishing an operation in
Mozambique to support clients
moving into this market, following the
discovery of some 85 trillion cubic feet
of gas reserves in 2011. The discovery
is said to be the most significant find in
a decade.
This month Eni SpA, an Italian
multinational oil and gas company
headquartered in Rome, led a group
that signed off a US$7bn (R90bn)
investment to start drilling and
processing gas from floating offshore
platforms in the Rovuma Basin. The
find is reportedly enough to supply
Germany, Britain, France and Italy
for nearly two decades. According to
Standard Bank, liquefied natural gas
will add US$39bn (R504bn) to the
Mozambican economy over the next 20
years, boosting GDP per capita from
approximately $650 (R9 040) in 2013,
to $4 500 (R58 095) by 2035.
Wings Travel Management ceo, Tony
Sofianos, commented: “Several of
our clients that we service in other
parts of the world, are finalising
investments and contracts in order to
begin operating in Mozambique. We are
therefore setting up our own presence
in Mozambique to give the high level of
travel and logistics support that these
companies will need.”