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Africa's Energy Drive Reflects Its Growth Potential, Oil and Gas Expert Says

Africa's Energy Drive Reflects Its Growth Potential, Oil and Gas Expert Says
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With 75 trillion cubic feet of offshore natural gas reserves in the Rovuma Basin and a new refinery project underway, Mozambique is positioning itself as a rising energy powerhouse in Africa and globally.
Mozambique is accelerating its path to energy independence through a new partnership involving Nigeria's energy giant, Aiteo Eastern E&P, and state-owned Petroleos de Mocambique, S.A. (Petromoc), to build a modular refinery capable of processing 200,000 barrels per day. With expanded fuel storage and product diversification, the project aims to reduce imports, lower costs, and create new jobs in the energy sector.
Maputo is also launching a $1.5 billion gas pipeline to Zambia, designed to transport 3.5 million tonnes of fuel annually. The project seeks to boost regional energy security, position Mozambique as a key oil and gas player in Southern Africa, and promote self-sufficiency and regional integration.
In an interview with African Currents, Adrian Strydom, CEO of the South African Oil and Gas Alliance, discussed Mozambique's strategic moves in the oil and gas sector—from regional collaborations to local beneficiation and energy security.

"If you look at Africa's largest producers, and Nigeria has a history of oil production, and so it's really [about] partnering with the right skills, with the right technologies, and with capital [...]. So, in terms of energy security, we have to produce locally if we want to improve energy security in the region. And for Mozambique, this certainly would be a plus if they can explore and produce [...]. Africa will in the future change to a more manufacture-based entity and continent. And then we need energy, and we need energy security to have sustainable manufacturing industries in the region," Strydom noted.

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