Mozambique: the next investment destination?

Mozambique 2 NovThe latest issue of Oil Review Africa analysed how Mozambique has been identified as one of the most promising energy sectors globally, with lucrative natural gas reserves positioning the east African country as a globally competitive investment destination

Despite development delays caused by the Covid-19 pandemic and political insurgency in the northern province of the country, the Ministry of Mineral Resources and Energy is committed to accelerating energy sector growth through ensured operational security, publicprivate sector collaboration and regional support.

The state-owned Empresa Nacional de Hidrocarbonetos (ENH) has been an instrumental organisation in the country’s energy transformation. Representing the state in petroleum operations, and with a core mission to add value to natural resources through commercial participation, ENH has positioned itself as both a leading African state company, and key driver in Mozambique’s energy growth.

Additionally, global energy majors such as TotalEnergies, ExxonMobil, Anadarko Petroleum, Sasol, Chevron, BP, Petronas and China’s CNPC are working collaboratively with government to drive Mozambique’s energy sector growth, and the country is well on its way to lead Africa in the move towards natural gas.

Highlighting these significant developments, HE Ernesto Max Elias Tonela, Mozambique minister of mineral resources and energy (MIREME), will led the Mozambican industry delegation to Cape Town at African Energy Week (AEW) 2021 from 9-12 November. The minister and the ENH will showcase the country’s current and upcoming projects, promote its role as a regional natural gas producer and distributor and emphasise effective strategies for project activities in the east African nation.

Read the full article in the latest issue of Oil Review Africa

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