The African Energy Chamber (CEA) argues that collaboration and sharing of experiences are essential to develop a gas project in the country, in a market-oriented approach “.
For the president of CEA in Mozambique, Florival Mucave, the need for more collaboration and shared experience among African energy experts will be critical for Mozambique in the context of transforming the huge discoveries of natural gas into revenues for the state “, he considered.
The representative of this private group focused on increasing the investments of multinationals in Africa said that “the State and the private sector need to play a leading role in the development of the essential infrastructures for the domestic use of gas, which will be decisive for the development of the country. and to solve the problems of difficulties in accessing energy by its citizens “, added this Mozambican businessman.
Mucave’s statements come in a context of worsening security problems in the north of the country, where the biggest investments of oil companies in gas exploration are being made and promise to multiply the country’s wealth through the exploration and export of liquefied natural gas.
Mozambican economic agents in the public and private sectors recognize that the country “is at a crossroads in its development, and in that context the construction of an energy policy that takes into account climate issues is essential for the country”, defends Mucave, adding that the Mozambique gas, “it is important for the world and will act as a bridge to other sources of energy, so local entrepreneurs must be ready to participate in this development, where local content and employment cannot be just ‘slogans’, but concerns real, “he said.
Looking inwards, he stated that “issues return of gas for internal consumption and local concerns must be addressed with a market-driven approach, which will pave the way for the use of affordable gas, which will be the engine for launching sustained growth in industry and agriculture “.
The consortium led by the French oil company Total managed in 2020 to raise the $ 15.8 billion that was missing to complete the total budget of $ 23 billion to invest in the mega-project for natural gas in Area 1 of the Rovuma basin, whose first export should happen closer to 2025.
The exploitation of natural gas in northern Mozambique is the largest private investment in sub-Saharan Africa and international analysts and observers point out that it has the power to change the Mozambican economy if revenues are used well.
The African Energy Chamber, based in Johannesburg, is a private entity designed to encourage investment in Africa.