JOHANNESBURG,
South Africa, March 18, 2021/ -- Organization of the Petroleum
Exporting
Countries (OPEC) Secretary General Mohammed Sanusi Barkindo on
behalf of his organisation and its members, addressed a congratulatory
message to the President of the Republic of Mozambique, His Excellency
Filipe Jacinto Nyusi upon his nomination as
“African Energy Person of the Year 2020”.The
award represents a recognition by the energy industry for multiple
years of consistent hard work, which culminated in the commencement of
multibillion dollar gas projects in Mozambique, at a time when the
industry was going through a crisis globally.
“It is impressive,
heart-warming but not surprising that H.E. Barkindo would make
Mozambique an important part of OPEC’s efforts to reach out beyond its
core member states,” stated NJ Ayuk, Executive Chairman of the African
Energy Chamber.
“H.E. Barkindo knows first-hand the possibilities
that energy can bring to Mozambique and his message to his brother,
comrade and friend President Nyusi, sends a clear call to action to
international community to work with Mozambique towards its path to
stability and prosperity,” concluded Ayuk.
Under President
Nyusi’s leadership, Mozambique emerged in 2020 as the leading
destination for investment in Africa. It is likely to continue being a
leading destination for energy sector investments globally in the coming
decade, with upwards of USD 100 billion to be invested across the
entire energy value chain to monetize its gas resources. Investments to
Mozambique’s gas industry, gas to power, and planned petrochemical
developments will have a significant impact in improving not only the
socio-economic conditions in Mozambique, but they are also likely to
significantly impact the entire sub-region positively.
Gas to
power developments, will make Mozambique a reliable exporter of power
into neighbouring countries. Revenues coming from these developments
will boost the entire economy and lead to jobs in all sectors,
especially for Mozambique’s youthful population. Infrastructure
development that is also projected to follow will connect Mozambique’s
ports with modern highways to landlocked neighbours like Zimbabwe and
Malawi, hence extending significant benefits of Mozambique’s growth to
the entire sub-region. According to the African Energy Chamber,
Mozambique is expected to grow, on average 10% year on year, between
2025 and 2035.
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