The President of the Republic, Filipe Nyusi, recently stressed the need for cautious management and without exaggerated expectations in relation to the megaprojects under development in the country, particularly in the natural gas sector in Cabo Delgado. During the gala commemorating the 20th anniversary of the National Petroleum Institute (INP), held in Maputo, the head of state stressed the importance of avoiding unrealistic expectations about the immediate benefits of these projects.
According to the Mozambican Information Agency (AIM), Nyusi warned that the results of these projects, including those from the Mozambican Sovereign Fund (FSM), require time and a strategic approach. “We cannot allow emotions and exaggerated expectations to influence our perception of the potential of the Sovereign Fund and the resources it can manage,” said the President.
The head of state also mentioned that the first revenues obtained from shipments of liquefied natural gas (LNG) from the floating platform in the Rovuma basin are limited and therefore insufficient for immediate major investments. “The revenue obtained so far is not enough to finance, for example, the construction of a road from Maputo to Xai-Xai,” he noted, referring to the distance of approximately 210 kilometers.
In addition, Filipe Nyusi called on the INP and other institutions to strengthen their institutional capacities, ensuring that Mozambique is not just a consumer, but a relevant player in the oil industry. The President recommended that the country position itself as an attractive destination for investments in the sector, maintaining clear and competitive rules to attract concessionaires.
Nyusi emphasized that strengthening security and institutional stability will be crucial to turning Cabo Delgado’s natural gas reserves into an engine for sustainable and inclusive development, benefiting both current and future generations.
During the ceremony, AIM reported that INP employees who had excelled in an internal INP competition were recognized, demonstrating the country’s continued commitment to the growth and efficiency of its oil industry.
