Friday, July 12, 2024

Mozambique to take part in the gas exporting countries forum in Algeria in 2024

Mozambique has confirmed its participation in the 7th edition of the Gas Exporting Countries Forum (GECF), scheduled for February 2024 in Algeria, the Peruvian economic and business newspaper, Gestión, announced on Monday, December 18.
The GECF is an intergovernmental organization made up of member countries representing an impressive 70% of proven global gas reserves. Full members include nations such as Algeria, Russia, the United Arab Emirates, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Trinidad and Tobago, Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Norway and Peru.

During the event, the inauguration of the headquarters of the GECF’s Gas Research Institute (GRI) is scheduled, which will be hosted and run by Algeria. In addition, the news report highlights that memorandums of understanding will be signed between GECF members and relevant international and regional organizations.

Mozambique, known for its vast natural gas reserves in the Rovuma basin, will have the opportunity to present three development projects, approved during the forum. These reserves, ranked among the largest in the world, are located off the coast of Cabo Delgado province.

Two of the larger projects aim to channel the gas from the seabed to land, where it will be cooled in a plant for later export by sea in a liquid state. One of them is led by TotalEnergies (Area 1 consortium), whose work was temporarily suspended after the attack on Palma in March 2021. The French energy company has stated that it will only resume work when the area is safe. The second project, which has yet to be officially announced, is led by ExxonMobil and Eni (Area 4 consortium).
A third, smaller-scale project, belonging to the Area 4 consortium, has already been completed. This consists of a floating platform to capture and process gas for direct export at sea, starting operations in November 2022.

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