The Director of Projects and Development at the National Petroleum Institute, Nazário Bangalane, argues that Mozambique’s natural gas can be used as an alternative in the world energy transition process.
Nazário Bangalane was speaking to Radio Mozambique after participating in a panel that discussed in Stockholm, Sweden, the theme “Just Transition – The Path to a Healthy Planet for the Prosperity of All”.
“Studies point out that natural gas, in fact, will continue to play a fundamental role for a considerable period, taking into consideration that we are dealing with a less polluting hydrocarbon. Therefore, the great discoveries of natural gas in the Rovuma basin assure a privileged place for Mozambique in the global market and its commercialization is opportune, using this window of energy transition that is being talked about worldwide and mainly here in this Stockholm conference”, he stated.
Bangalane also mentioned that the oil companies operating in Mozambique have joined global initiatives for the elimination or reduction of carbon emissions into the atmosphere.
A report by the research company Bloomberg, states that global investment in the energy transition totaled a record seven hundred and fifty-five billion dollars in 2021.
The same document stresses that to achieve carbon neutrality goals, investments must be tripled by two thousand and twenty-five.
The Stockholm International Climate Conference, an event co-organized by the governments of Kenya and Sweden, ended this Friday.
