African Energy Chamber calls for peace and stability as Mozambique prepares to tap into Liquefied Natural Gas (LNG) potential
With plans to restart the delayed $20 billion Mozambique LNG project, which promises to produce 13.1 million tons of LNG per year for domestic use, it has never been more important to prioritize peace and stability in Mozambique. Violence during protests rocked the country after the 2024 election, leading to unrest and instability. As the voice of Africa’s energy sector and an advocate for Mozambique’s prosperity, the African Energy Chamber (AEC) (www.EnergyChamber.org) fully supports the Mozambican government and calls for peace, stability and sustainable development, as Mozambique enters a new era of energy growth.
Since the discovery of massive natural gas deposits off Mozambique’s northern coast in 2010, expectations for the country’s economic boom have soared. An International Monetary Fund report predicts that total revenue from LNG exports will reach $500 billion by 2045, with average annual real GDP growth from LNG exports reaching 24% between 2021 and next year. Energy giants Total Energies, ExxonMobil and Eni are developing integrated LNG projects, while new upstream companies are entering the market and gas-to-power projects are nearing completion.
Projects such as Coral Sul LNG, the Rovuma LNG facility and the Temane gas power plant have the potential to attract billions of dollars in investment and revenue while providing stable energy to more than 2 million households by 2030. These developments represent a success story not only for international investors, but also for Mozambique. The country is positioned as one of the continent’s most dynamic natural gas markets, and its offshore reserves could place it among the world’s top ten producers, accounting for 20% of Africa’s output by 2040.
From a geopolitical perspective, these industrialization efforts could benefit the entire southern African region and transform the country into an energy hub for neighboring countries such as Zimbabwe, Tanzania, Zambia, Malawi, Swaziland and South Africa. In addition, 2,700 kilometers of coastline along the Indian Ocean make Mozambique a gateway for ships traveling across the Western Hemisphere, allowing it to focus on efficient global energy production while diversifying access to high-quality commodities from Asia, India, Europe and other markets. USA.
However, for Mozambique to realize its great potential, the country must have a strong commitment to political stability and sustainable development. A peaceful and stable environment is the basis for the international community to confidently establish long-term partnerships and ensure that the huge opportunities brought by natural resource development are transformed into tangible benefits for all. Mozambique’s journey to becoming a leading energy producer is closely linked to its ability to promote solidarity, security and democratic principles. A continued commitment to peace would not only reassure international investors, but also strengthen the country, drive broad prosperity for its people, and solidify its role as a key player in Africa’s energy future.
“Peace and stability are critical for Mozambique to unlock its vast economic potential. As the country becomes a global energy hub, the international community has confidence in a united and secure nation. A commitment to peace will not only secure billions of dollars in energy The success of the project will also ensure long-term prosperity and drive sustainable growth in Mozambique and across the Southern Africa region. To achieve this, the government must find common ground and reach agreements that will deliver long-term benefits to people across the country.” Ayuk said.
For the sake of Mozambique’s prosperity, social well-being and economic development, the AEC calls for a balance between government and opposition and a commitment to post-colonial and post-conflict stability. Mozambique is at a crossroads: one path could lead to increased instability, while another has the potential to transform the country into a trusted partner in the global energy community.
Distributed by APO Group on behalf of the African Energy Chamber.
