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Marco Correia of Duys Moçambique talks about opportunities for the company in Mozambique's power sector.
READ MOREGas discoveries in the Rovuma Basin:5.1 tcm
Planned LNG production capacity:28 million tpy
2022 oil reserves15 million barrels
Mozambique’s oil and gas industry has greatly grown in significance with the discovery of major offshore gas plays beginning in 2010. Continued finds and investment have fast-tracked the nation towards its potential of being the third-largest global LNG supplier, with operators TotalEnergies, Eni and ExxonMobil leading the charge through massive development of upstream and associated facilities. Mozambique has traditionally only produced gas from its onshore plays operated by South Africa’s Sasol. The country produces no oil and is reliant on imports.
Mozambique has worked hard to streamline policies and break down bottlenecks in meeting its immense capacity potential. However, security issues and economic factors have largely held back large-scale development, with many projects put on hold. Government involvement in hydrocarbons operations takes place through NOC Empresa Nacional de Hidrocarbonetos, which is a mandated stakeholder in all oil and gas operations. Upstream E&P concessions are handed out and overseen by state body the National Petroleum Institute, which has been active in carrying out seismic studies to expand the country’s investment potential.
In recent years, the share of solar and wind in the country’s electricity generation mix has risen to just above 10%, and the government aims to see an investment of around USD 80 billion in the energy transition by 2050, with funds from both public and private players.
“LNG offers a huge economic, but arguably more importantly a development opportunity, for Mozambique. The Rovuma Basin alone has the capacity to boost Mozambican GDP by up to USD 18 billion per annum,” managing associate Nuno Manshilha and trainee lawyer Miguel Couto at CMS Portugal told The Energy Year.
“The projects offer the potential to create over 300,000 employment opportunities alone, and in order to meet the mega-project’s needs, Mozambique will have to improve its water, road and electricity infrastructures, adding to the development benefits of these types of projects.”
Isália Dimene of FUNAE talks about electrification in rural Mozambique through mini-grids and PPPs.
READ MOREEduardo França of Advanced Intelligent Systems talks about the company’s solar-powered car park project.
READ MOREBertrand Fleury De La Ruelle of Africa Global Logistics talks about the company’s logistics strategy in Mozambique.
READ MORERemy Bayiha Kodock of Kerry Project Logistics talks about driving innovation and efficiency in logistics in Mozambique.
READ MOREArsénio Mabote of Companhia Moçambicana de Hidrocarbonetos talks about investing in gas production in Mozambique.
READ MOREDanilo Neves Correia of Puma Energy talks about securing steady supplies of affordable fuel for Mozambique.
READ MOREBernardo Aparício of Standard Bank Mozambique talks about stimulating energy demand through targeted project financing.
READ MOREMarco Correia of Duys Moçambique talks about opportunities for the company in Mozambique's power sector.
READ MOREAndrew Schnitzer da Silva and Filipe Francisco of Ascending talk about workforce training in Mozambique.
READ MOREHelder dos Santos of G4S Secure Solutions Mozambique talks about utilising technology to monitor safety and operations.
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