The African Energy Chamber is currently in Mozambique this week, on a working visit to meet with authorities from Mozambique’s Government, representatives from the oil sector, local entrepreneurs and services providers.
The Chamber aims to promote more local content policies as well as bring the country’s energy sector, with particular interest on LNG developments, up to international standards, so as to enable for job creation and generate revenue down the entire extractive value chain.
As we reported yesterday, Mozambique is poised to rank amongst the top 10 LNG producers in the world, with the revised development plan for the Temane PSA approved, Eni’s 3.4 mtpa Coral South FLNG and Total’s 12.88 mtpa Mozambique LNG projects all moving forward. It is then paramount to make sure that not only does Mozambique’s gas exports benefit southern Africa, but most importantly, its own economy, not only through local content policies, as advocated by the Chamber, but also through recently discussed plans for a Sovereign Wealth Fund.
The Chamber affirms that it “continues to firmly believe that gas monetisation stands to change the economic outlook of Mozambique and its people. Natural gas remains the best hope the country has to fight energy poverty, improve security and offer opportunities to young Mozambican women and men.”
“The Chamber salute H.E. Filipe Nyusi, President of Mozambique, for providing an enabling environment for gas investors to make a play in Mozambique. The country has a unique opportunity to set new standards for the way Africans develop and monetise natural gas, and the Chamber will be once again expressing its support to all stakeholders for making this ambition a reality in the near future,” declared Nj Ayuk, Executive Chairman at the African Energy Chamber.