ENERGY INSIGHTS | 21 AUGUST 2019

Could Mozambique close
Africa’s crippling energy gap?

SHARE

Absa's Colin King discusses the opportunities of Mozambique’s natural gas reserves

In this instalment of the 2019 Absa Insights Series, Bhavtik Vallabhjee, Senior International Banker & Head: Power, Utilities and Infrastructure, Absa CIB chats to Colin King, Principal: Resource and Project Finance, Absa CIB about the opportunities of liquefied natural gas (LNG).

Video highlights:

  • Mozambique has the world’s 9th largest gas reserves. With close proximity to these reserves, South Africa could access some of this gas through pipelines for the gas-fire power we are envisaging for our country.
  • Discovering gas reserves can change the economic trajectory of countries. Oman, for example, was one of the poorest countries in the Middle East, but this trend was reversed once gas reserves were discovered, resulting in significant growth in the country.
  • If South Africa works with Mozambique, the impact of LNG for the region would be enormous, from economic growth to employment opportunities.

Related Articles

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

Absa Insights Series: The future of renewable energy is bright

The untapped potential of Africa’s treasure trove of natural wealth presents its beneficiaries with a prosperous future, if exploited.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

Absa Insights Series: Coal to gas shift – a major step toward energy stability in SA

The market exists and, so does the technology – the question is, who is capable of operating energy storage in South Africa?

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

Absa Insights Series: Energy is the gatekeeper to a prosperous future

Tackling Africa’s energy crisis starts with policymakers and evidence shows that they’re not moving fast enough.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

Absa Insights Series: The race to win the battle of energy storage is on

Wherever there is a problem, there is a solution and in the energy sector, a solution is an opportunity