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Minister opens 8th Mozambique Gas and Energy Summit
5:02 CAT | 27 Sep 2023
Image: Mozambique Gas & Energy Summit & Exhibition
The Minister of Mineral Resources and Energy, Carlos Zacarias, called the 8th Mozambique Gas & Energy Summit & Exhibition (MGES) an event for the “discovery of opportunities”, taking place as it does at a time when, “at global level, solutions are sought globally to ensure clean energy”.
The two-day event, which began this Wednesday (27-09), takes place under the motto “Developing the Integrated Sustainable Energy System of Mozambique”, and brings together government representatives, industry leaders, including national and international managers of energy companies, national and international oil companies and small and medium enterprises (SMEs) in the sector, among others, to discuss policies and project development strategies in the context of the global energy transition.
“We believe that this is the best time to reflect and exchange knowledge and experiences and share perspectives on a sustainable system that stimulates the country’s economic development,” Minister Zacarias said at the official opening of the event.
The minister highlighted that the government’s policy and strategy established objective principles for increasing access to energy and improving the quality and security of supply.
“It is in this sense that, to exploit existing sources and increase access to modern energy services, estimated at around 50%, we have encouraged and adopted solutions to increase production levels and enhance Mozambique’s role as an energy network,” Zacarias said.
The Minister of Mineral Resources and Energy highlighted in this context the relevance of the Coral Sul Project in the Rovuma Basin.
“Liquefied natural gas produced in Mozambique supplies the Asian, European and Middle Eastern markets, generating gains through taxes and various fees. It is important to highlight that, from 2024 onwards, Mozambique will produce around 30,000 tonnes of liquefied natural gas annually,” he noted.
READ: Mozambique: Country has seen 28 LNG carriers set sail this far
Carlos Zacarias also added that a large percentage of the energy mix in Mozambique is clean.
“In 2022, for example, the total installed production capacity was 3,026 megawatts, 72.43% from hydro sources, around 15% from natural gas, three percent from solar sources and the remainder around 10% from other sources such as biomass and diesel,” Minister Zacarias concluded.
Source: O Economico
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