Pesquisa revela que as concessionárias investiram, em cinco anos, 18,4 mil milhões de dólares na exploração de petróleo e gás em Moçambique

As concessionárias investiram, em cinco anos, 18,4 mil milhões de dólares na exploração de hidrocarbonetos, mas em 2022 esse investimento caiu para menos de metade, indicam dados oficiais.

Um relatório sobre “Estatísticas de Investimento em Petróleo e Gás em Moçambique de 2018-22”, divulgado esta Terça-feira, 14 de Novembro, pelo Instituto Nacional de Estatística (INE), contabiliza que as concessionárias investiram, desse total, 15,3 mil milhões de dólares em trabalhos de desenvolvimento de campo, e o restante em pesquisa, avaliação, estudos e produção e ainda na desmobilização e abandono de poços.

Globalmente, nesses trabalhos, as concessionárias investiram mais de 2,1 mil milhões de dólares em 2022, menos de metade do recorde de quase 4,6 mil milhões de dólares em 2021 ou dos 4,5 mil milhões de dólares em 2020.

“Esta queda é justificada, em parte, pelo início, no segundo semestre de 2022, da produção do gás ‘offshore’ na bacia do Rovuma, dado que baixaram significativamente os custos com capital, sobretudo relacionados com a plataforma flutuante de gás natural liquefeito (FLNG)”, explica o INE.

O relatório recorre a informações do Instituto Nacional de Petróleos (INP) e abrange todas as licenças activas de exploração de hidrocarbonetos em Moçambique até 2022.

“Em 2022, as despesas realizadas na fase de produção atingiram um total de 368,9 milhões de dólares, quase o triplo do registado em 2021 e é igualmente o valor mais alto desde 2018. Esta tendência é explicada principalmente pelo início da produção e exportação do gás em Cabo Delgado, no projecto offshore na bacia do Rovuma, no projecto Coral Sul”, acrescenta o INE.

A Área 4 na bacia do Rovuma, Norte do País, é operada pela Mozambique Rovuma Venture (MRV), uma ‘joint-venture’ em co-propriedade da ExxonMobil, Eni e CNPC (China), que detém 70% de interesse participativo no contrato de concessão, cuja produção de gás natural arrancou em 2022. A Galp, Kogas (Coreia do Sul) e a Empresa Nacional de Hidrocarbonetos (Moçambique) detêm, cada, uma participação de 10%.

Mozambique’s economy remained resilient in the first half of the year

First National Bank (FNB) Mozambique, a subsidiary of the South African group FirstRand, believes that the Mozambican economy was resilient during the first half of the year, with growth of around 4.6%, much in line with initial forecasts.

According to Alfredo Mondlane, head of Economics and Market Research at the FNB, who was speaking a few days ago during a debate on Sustainable Financing, despite the various constraints – including the climatic events that affected the country at the start of the year – the Mozambican economy continued to show growth strength, highlighting that Liquefied Natural Gas (LNG) will be the major driver of the extractive sector by the end of the year.

“This year, LNG will be the driving force behind at least 90% of the growth in the extractive sector, which is mostly due to Floating Liquefied Natural Gas (FLNG), which was not produced in October last year,” he explained, quoted in a statement released by the FNB.

As for the financial sector, Alfredo Mondlane reported growth of 7% in the period in question. However, following the increase in mandatory reserve rates from 10% to 39%, the sector is now facing a liquidity challenge. “And this has translated into an additional cost of financing the economy. As a result, the sector slowed its growth in the second quarter. However, even with this slowdown, the financial sector is expected to remain resilient and continue to grow,” he stressed.

With regard to inflation, the economist expects it to worsen somewhat, but without reaching double digits, i.e. “the expectation by the end of the year is that it will be below 7%”.

Economia moçambicana manteve-se resiliente no primeiro semestre

FNB: Economia Moçambicana Manteve-se Resiliente no Primeiro Semestre

O First National Bank (FNB) Moçambique, subsidiária do grupo sul-africano FirstRand, considera que a economia moçambicana foi resiliente durante o primeiro semestre, tendo apresentado um crescimento na ordem dos 4,6%, muito em linha com o inicialmente previsto.

Segundo o responsável de Economia e Pesquisa de Mercado do FNB, Alfredo Mondlane, que falava há dias, durante um debate sobre Financiamento Sustentável, apesar dos vários constrangimentos – entre eles, os eventos climáticos que afectaram o País no início do ano a economia moçambicana continuou a demonstrar força de crescimento, destacando que o Gás Natural Liquefeito (LNG, na sigla em inglês) será o grande impulsionador do sector extractivo até ao final do ano.

“Este ano, o LNG será o motor de, pelo menos, 90%, do crescimento do sector extractivo, o que se deve, na maioria, ao Gás Natural Liquefeito Flutuante (FLNG, na sigla em inglês), cuja produção não aconteceu em Outubro do ano passado”, explicou o responsável, citado numa nota divulgada pelo FNB.

Quanto ao sector financeiro, Alfredo Mondlane referiu um crescimento de 7% no período em referência. Contudo, após o aumento das taxas de reservas obrigatórias de 10% para 39%, o sector enfrenta agora um desafio de liquidez. “E isso traduziu-se num custo adicional de financiamento da economia. Assim, o sector abrandou o seu crescimento no segundo trimestre. No entanto, mesmo com este abrandamento, é de prever que o sector financeiro se mantenha resistente e continue a crescer”, realçou.

Em relação à inflação, o economista espera que haja algum agravamento, mas sem atingir os dois dígitos, ou seja, “a expectativa, até ao final do ano, é que fique abaixo dos 7%”.

Mozambique is One of the Ten African Countries with the Fastest GDP Growth in 2023

Gross Domestic Product (GDP) projections are a significant factor in determining the economic plans and policies of nations around the world.

These forecasts are important for African countries, as they provide insight into the overall development trajectory, growth potential and economic health of the continent.

As Africa continues to navigate its economic landscape, harnessing knowledge from Gross Domestic Product (GDP) projections is key to shaping a resilient and inclusive future.

The news portal Business Insider Africa, in an article published on Friday, November 10, notes that the International Monetary Fund, in its October World Economic Output (WEO) report, detailed the real GDP (annual percentage change) of each country.

According to the IMF’s baseline scenario, quoted by the website, inflation continues to fall as central banks continue to adopt a restrictive stance. The baseline scenario does not include a decline in real GDP per capita worldwide, which often occurs during a global recession.

Compared to the WEO’s April 2023 forecast, growth and employment in the first half of the year continued to be more robust. Although the world average projection has remained virtually unchanged from the July 2023 WEO update, there are several changes in growth and inflation expectations in the various countries.

African countries with the highest GDP projections for 2023

In this context, among the top ten African countries with the highest GDP projection for 2023, as the year draws to a close, are: in first place, Mozambique with 7% of GDP; in second place, the Democratic Republic of Congo with a projection of 6.7% of GDP; Ivory Coast comes third with a projection of 6.2% of GDP; in fourth place comes Rwanda with a projection of 6.2% of GDP; Ethiopia comes fifth with a projection of 6.1% of GDP; in sixth place comes Guinea with a projection of 5.9% of GDP; in seventh place is The Gambia with a projection of 5.6% of GDP; Benin comes in eighth place with a projection of 5.5% of GDP; Togo comes in ninth place with a projection of 5.4%; and lastly, Tanzania comes in tenth place with a projection of 5.2% of GDP.

Salim Valá: “Global instability has affected the performance of companies and investors in Mozambique”

The PCA of the Mozambique Stock Exchange (BVM), Salim Valá, said that global instability has affected the performance of national companies and investors, stressing that even in the face of adversity, the Mozambican capital market is “performing positively”.

“The consequences of the pandemic, price fluctuations in international markets, the blockage in global distribution chains, strong inflationary pressures resulting from economic restrictions due to the conflict in Eastern Europe, have brought more risks and uncertainties to an economic climate that was already turbulent,” he said during his presentation at the Economic Briefing, which took place last Thursday, November 9, in Maputo.

According to the BVM chairmen, Mozambique “continues to be influenced by trends in the global economy, where the decrease in demand and the consequent fall in the prices of the main commodities exported end up having a negative impact on the level of the country’s exports.

Therefore, fears of extreme weather phenomena and the consequences of geostrategic conflicts in sensitive areas of the world, with the risk of rising prices for basic goods such as fuel, transport and food, which are shaking international markets, have affected the economy,” he said.

However, moving on from the global macroeconomic context to a more local view, Salim Valá noted that, “even in the face of these dilemmas, Gross Domestic Product (GDP) growth has evolved positively, and the inflation rate has maintained a downward trend”, also highlighting “the stability of the metical against the dollar”.

Looking at the state of the Mozambican financial system, he underlined “the resilience of the banking sector, which has shown itself to be solid and well capitalized, with the solvency ratio set at 24% in September 2023, corresponding to 12.0 percentage points above what was recommended,” he concluded.

Area 1: TotalEnergies Expects to Restart LNG Project in January

TotalEnergies, the French oil and gas giant, intends to resume operations at the Area 1 liquefied natural gas (LNG) project in Mozambique’s Rovuma Basin as early as January 2024, if security conditions permit, the Rede BNN news portal reported on Monday, November 13.

Without providing more specific information on the subject, the website, which quotes the director-general of the multinational, Patrick Pouyanné, says that the relationship will depend on the re-establishment of peace and stability in Cabo Delgado province and the provision of adequate security measures by the Mozambican authorities and regional forces.

The Mozambican government has also expressed its commitment

Patrick Pouyanne, quoted by the portal, also said that the company is working on the basis of a revised budget and timetable for the project, which will be announced in due course in 2023.

After the Mozambican government, together with regional blocs such as the Southern African Development Community (SADC) and the Rwandan government, sent troops and resources to fight the insurgency and protect the LNG areas in Afungi, a military intervention has been taking effect, with the militants regaining control of several strategic locations, including Palma.

The Mozambican government has also expressed its commitment and support for the project, guaranteeing cooperation and collaboration to TotalEnergies and its partners.

The Project

The project involves the development of offshore gas fields in the Rovuma basin and the construction of an onshore LNG plant and export terminal on the Afungi Peninsula. The project is expected to generate significant revenues and benefits for the Mozambican economy and people, and to contribute to the global energy transition and security.

TotalEnergies is the operator and largest shareholder in the project, with a 26.5% stake. The other partners include the Mozambican public company ENH, the Japanese company Mitsui, the Thai company PTTEP and the Indian companies ONGC Videsh, Bharat Petroleum and Oil India. The project has secured long-term contracts with buyers in Asia and Europe, such as the China National Offshore Oil Corporation, Tokyo Gas, Centrica and Shell.

Moçambique é um dos dez países africanos com maior crescimento do PIB em 2023

As projecções do Produto Interno Bruto (PIB) são um factor significativo na determinação dos planos e políticas económicas das nações de todo o mundo.

Estas previsões são importantes para os países africanos, uma vez que permitem conhecer a trajectória geral do desenvolvimento, o potencial de crescimento e a saúde económica do continente.

À medida que África continua a navegar na sua paisagem económica, o aproveitamento dos conhecimentos das projecções do Produto Interno Bruto (PIB) é fundamental para moldar um futuro resiliente e inclusivo.

O portal de notícias Business Insider África, num artigo publicado sexta-feira, 10 de Novembro, refere que o Fundo Monetário Internacional, no seu relatório sobre a produção económica mundial (WEO) de Outubro, apresentou em pormenor o PIB real (variação percentual anual) de cada país.

De acordo com o cenário de base do FMI, citado pelo site, a inflação continua a baixar, uma vez que os bancos centrais continuam a adoptar uma postura restritiva. O cenário de base não inclui uma diminuição do PIB real per capita mundial, que ocorre frequentemente durante uma recessão mundial.

Em comparação com a previsão do WEO de Abril de 2023, o crescimento e o emprego no primeiro semestre do ano continuaram a ser mais robustos. Embora a projecção média mundial tenha permanecido praticamente inalterada em relação à actualização do WEO de Julho de 2023, observam-se várias alterações nas expectativas de crescimento e inflação nos vários países.

Países africanos com a maior projecção do PIB em 2023

Neste contexto, entre os dez principais países africanos com a maior projecção do PIB para 2023, à medida que o ano termina, estão: em primeiro lugar, Moçambique com 7% do PIB; em segundo lugar, a República Democrática do Congo com uma projecção de 6,7% do PIB; Costa do Marfim vem em terceiro lugar com uma projecção de 6,2% do PIB; em quarto lugar vem o Ruanda com uma projecção de 6,2% do PIB; Etiópia vem em quinto lugar com uma projecção de 6,1% do PIB; em sexto lugar vem Guiné com uma projecção de 5,9% do PIB; em sétimo lugar está a Gâmbia com uma projecção de 5,6% do PIB; Benim aparece em oitavo lugar com uma projecção de 5,5% do PIB; Togo vem em nono lugar com uma projecção de 5,4%; e, por último, está a Tanzânia em décimo lugar com uma projecção de 5,2% do PIB.

First Niassa Investment Forum approves funding for 30 projects

Organized by the Niassa government and its partners, the Economic Forum held last Friday made thirty (30) development projects possible, which will be financed by national and foreign players. To make them a reality, 42 million dollars are needed, mobilized by the Mozambican Chamber of Commerce, as well as funding from the African Development Bank (AfDB).

The ADB’s resident director in Mozambique, César Augusto Abogo, said that the financial institution is open to training economic agents in the light of its new strategy to boost development in Niassa.

The projects in the spotlight concern soybean, macadamia and wheat production, the financing for which will allow for increased production, processing and marketing.

The Secretary of State, Lina Portugal, and the governor of Niassa, Elina Massangele, guaranteed that they will do everything they can to make all the projects viable, providing all kinds of support to local and foreign businesses to make the investments a reality.

Primeiro Fórum de Investimento do Niassa aprova financiamento de 30 projectos

O Primeiro Fórum de Investimento organizado pelo governo do Niassa e seus parceiros, decorreu na última sexta-feira, onde cerca trinta (30) projectos de desenvolvimento, serão financiados por actores nacionais e estrangeiros.

Para a sua materialização, são necessários 42 milhões de dólares, mobilizados pela Câmara de Comércio de Moçambique, além do financiamento do Banco Africano de Desenvolvimento (BAD).

O diretor residente do BAD em Moçambique, César Augusto, disse que uma instituição financeira está aberta para capacitar os agentes económicos convista a contribuir para o desenvolvimento do Niassa.

Os projectos em destaque dizem respeito à produção de soja, macadâmia e trigo, cujo financiamento vai permitir o incremento da produção, processamento e comercialização.

A Secretária do Estado, Lina Portugal, e a governadora do Niassa, Elina Massangele, garantiram que farão de tudo para que todos os projectos sejam viabilizados, dando todo o tipo de apoio ao empresariado local e estrangeiro para a materialização dos investimentos.

The cost of servicing Mozambique’s debt will grow by 18% in 2024

The cost of servicing Mozambique’s debt will grow by 18% in 2024, to more than 116.6 billion meticais, according to figures from the Mozambican government.

According to the documents supporting the proposal for the Economic and Social Plan and State Budget (PESOE) for 2024, under discussion in Parliament, it is estimated that the cost of servicing Mozambique’s debt – interest payments and repayment of capital – will be equivalent next year to 7.6% of the estimated Gross Domestic Product (GDP).

For this year, the government’s forecast for the cost of servicing the debt is 98.8 billion meticais, equivalent to 7.5% of the GDP expected for 2023. The previous year, it was 72.3 billion meticais, with a weight of 6.1% of GDP.

“The acceleration in capital repayment is related to the framework of the external debt Restructuring Agreement, with maturities to be verified in 2024. In addition, a change in the external debt interest rate is expected for securities maturing in 2024,” the document reads.

Half the public debt will be amortized in 2024
As a result, more than half of the cost of servicing Mozambique’s public debt next year will be capital repayments, amounting to 60.9 billion meticais, and 55.7 billion meticais in interest payments, of which 41.4 billion meticais relates to debt issued domestically, through Treasury bonds and bills.

Meanwhile, this month, the governor of the Bank of Mozambique acknowledged “the strong pressure on public spending” in the country, “in a context of weak revenue collection and limited sources of external financing”, which “is contributing to an increase in fiscal risk and domestic indebtedness”.

“The increase in spending is mainly due to the implementation of the salary reform and spending related to the electoral cycle,” warned Rogério Zandamela on November 1.

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Pesquisa revela que as concessionárias investiram, em cinco anos, 18,4 mil milhões de dólares na exploração de petróleo e gás em Moçambique

Mozambique’s economy remained resilient in the first half of the year

Economia moçambicana manteve-se resiliente no primeiro semestre

Mozambique is One of the Ten African Countries with the Fastest GDP Growth in 2023

Salim Valá: “Global instability has affected the performance of companies and investors in Mozambique”

Area 1: TotalEnergies Expects to Restart LNG Project in January

Moçambique é um dos dez países africanos com maior crescimento do PIB em 2023

First Niassa Investment Forum approves funding for 30 projects

Primeiro Fórum de Investimento do Niassa aprova financiamento de 30 projectos

The cost of servicing Mozambique’s debt will grow by 18% in 2024

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