Mozambique: Negotiations on Mozal power break down - AIM
ENH says all natural gas projects in Mozambique meet environmental standards
3:08 CAT | 28 May 2019
Omar Mitha: Photo: O País
Omar Mithá, the chairman of the National Hydrocarbons Company (ENH), the Mozambican state’s business arm in natural resources, said on Friday that gas projects in the country would assure the preservation of the marine environment.
“The natural gas projects underway in the country have met environmental safeguards, because it is essential for obtaining funding,” Mithá said.
Speaking at the “Growing Blue Conference” dedicated to the theme “Sustainable and shared ocean exploration” which ended today in the country’s capital, Mithá made a commitment to protect marine life.
Banks financing extractive ventures condition their decision on demonstration that the ecosystems of the seas and oceans will not be adversely impacted.
“Banks and companies in the extractive sector already have the environmental concern at the centre of their governance – it is no longer a matter of choice,” Mithá noted.
The ENH chairman pointed out that the environmental impact assessments of mineral resource exploration projects are subject to international audit to ensure their suitability.
Mozambique is home to one of the world’s largest natural gas reserves and is expected to see intense extraction in the Rovuma waters from 2023 onwards. By law, the ENH must have a minimum 15% participation in all natural resource exploitation projects in Mozambique.
Source: Lusa
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.