German investors target Mozambique’s LNG, gas projects

GABF MozGermany’s economic commitment to Mozambique is set to be strengthened as the Germany Africa Business Forum (GABF) embarks on a three-day trade mission to encourage, promote and facilitate trade and investment between German businesses and a growing Mozambican economy

German investors will visit Mozambique during the Mozambique Gas & Power (MGP) 2021 Conference & Exhibition taking place from 8-9 March 2021, an opportunity organised by Africa Oil & Power (AOP) in partnership with Mozambique’s Ministry of Mineral Resources and Energy (MIREME) and the government of Mozambique.

The GABF further congratulates Filipe Nyusi, President of Mozambique for his selection as Africa “Person of the Year” for 2020. “Thanks to the leadership of His Excellency President Nyusi, Mozambique is on the verge of becoming an international player in the global energy market, and the GABF calls on German investment and technology to play a part in this transformation,” stated Sebastian Wagner, executive chair of the GABF.

The investor mission provides German investors an opportunity to engage with major Mozambican businesses and political stakeholders. The goal of the investment roadshow is to deepen German-Mozambican relationships in light of Mozambique’s recent discovery of substantial natural gas fields, largely considered a game-changer for the country and its people. Natural gas in its liquefied form LNG is a clean and safe fuel that is growing in global significance, as world energy demand increases in a lower-carbon context.

Mozambique is a great opportunity for German businesses to invest in gas monetization projects, petrochemicals, power projects, industrialization and immediate diversification of the economy that leads to jobs for the people of Mozambique and Germans alike,” added Wagner.

“Germany has had strong relations with Mozambique since independence. Many Mozambicans studied and lived in Germany, and Germany has provided wide-ranging support to support peace and reconciliation in Mozambique. Economic empowerment has to be our next goal, and now is the time,” concluded Wagner.

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