The commercial start-up of the Maputo Thermal Power Plant this year will mean that the production of electricity based on natural gas will cover between 45% and 50% of Mozambique’s needs, the deputy minister of Mineral Resources and Energy said on Wednesday in Maputo.
Augusto Fernando, speaking at the opening session of the 6th Mozambique Conference on Mines, Energy and Natural Gas (MMEC-2018), said that the country is the largest exporter of natural gas in Southern Africa and hopes to consolidate this status soon, when exploration of deposits in the Rovuma basin begin for domestic consumption and export.
MMEC-2018 is organised by AME Trade, a company that promotes events, in partnership with state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH) and the Mozambican Mining Geology Association, and it aims to discuss the different stages of the mining and hydrocarbon industry in the country, from the legal component, to the business environment and the opportunities that may emerge in this area.
At the event, attended by more than 130 companies and 72 speakers from 20 countries, Fernando recalled that the potential of the country also includes the electricity sector.
“Mozambique is one of the largest coal producers in Southern Africa and an exporter of this resource to the international market and is also the region’s largest exporter of renewable energy through the Cahora Bassa Hydroelectric Plant, a position that is expected to be reinforced by the implementation of other projects,” he said.
The Vice President of US group Anadarko Petroleum and director for Mozambique, Steve Wilson, restated the group’s commitment to invest in the country’s natural gas but said that “there is still a lot of work to do” until the final decision.
“We have [sales] arrangements that we just need to formalise, then we will move on to the financing project,” followed by approval processes until the final decision, he said on the sidelines of the conference, which is due to end on Thursday. (macauhub)