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Mozambique defends urgency in combating “energy poverty” in Africa: President Nyusi
5:36 CAT | 04 Mar 2024
Image: Presidente Filipe Nyusi/Facebook
Speaking at the Summit of Gas Exporting Countries Forum (GECF) on Saturday, President of Mozambique Filipe Nyusi stressed the “urgency” of combating “energy poverty” in Africa, and of concerted action in terms of security.
“The current moment is challenging, as the world is experiencing uncertainty resulting from the interruption of energy supplies caused by the war in Europe and the Middle East, which puts more pressure on countries,” the head of state said.
In his speech at the summit in Algeria, where he has been on a working visit since Wednesday, the president highlighted “two themes that lie at the heart of the energy sector, particularly in Africa: energy transition and global security”.
“Our understanding is that the transition must consider the urgency of combating energy poverty in Africa, as the continent needs to increase access to energy for its population, at the same time that concerted action is required from all of us in defence of common interests in favour of security and stability,” Filipe Nyusi said.
The 7th Summit of the Gas Exporting Countries Forum also brought together the presidents of Iran and Bolivia and the Emir of Qatar, among other heads of state and government, who will present a joint international strategy for gas.
READ: GECF Summit concludes with the Algiers Declaration: Natural gas for a secure and sustainable future
Meeting since Thursday in the Algerian capital as part of its biannual meeting, the GECF represents 70% of the world’s proven gas reserves, more than 40% of commercialized production, 47% of exports by pipeline and half of world exports of liquefied natural gas (LNG).
Created in 2001, the GFEP is made up of 12 permanent members (Algeria, Russia, Venezuela, Bolivia, Trinidad and Tobago, Egypt, Equatorial Guinea, Libya, Nigeria, Iran, United Arab Emirates and Qatar) and seven observers (Peru, Iraq, Azerbaijan, Malaysia, Mauritania, Angola and Mozambique).
Deloitte recently concluded that Mozambique’s natural gas reserves represent potential revenues of US$100 billion (€92.7 billion), highlighting the country’s international importance in the energy transition.
READ: Mozambique seeks to benefit from Qatar’s expertise in energy field: President Nyusi
“The country’s vast gas reserves could make Mozambique one of the 10 largest producers in the world, responsible for 20% of Africa’s production by 2040,” says the 2024 report by the international consultancy on Africa’s energy prospects regarding Mozambique, previously reported by Lusa.
The country will be able to “significantly contribute to global energy needs, both during the energy transition period and by establishing strong capabilities throughout the renewable energy value chain”, the report reads, pointing out that natural gas will bring “around US$100 billion in revenue for Mozambique throughout its life cycle”.
Mozambique has approved three natural gas development projects in the Rovuma basin, off the coast of Cabo Delgado, ranked among the largest in the world.
Two of these projects are larger and plan to channel gas from the bottom of the sea to land, cooling it in a factory to export it by sea in a liquid state.
One is led by TotalEnergies (the Area 1 consortium) and the works progressed until it was suspended for an indefinite period in March 2021 after an armed attack on Palma, when the French energy company declared that it would only resume work when the area was safe.
The other is the investment, with no announcement yet in sight, led by ExxonMobil and Eni (Area 4 consortium).
A third completed and smaller Area 4 consortium project consists of a floating platform for capturing and processing gas for export directly at sea, which started operations in November, 2022.
READ: Iran’s President holds talks with foreign leaders in Algeria – Tasmin News Agency
Source: Lusa
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