MOZAMBIQUE: According to a Bloomberg article, Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit.
The southern African country, one of the world’s poorest, plans to harness its abundant hydro, solar and wind potential to meet its own power needs and those of its neighbours, as well as use that electricity to process battery minerals such as graphite and lithium, said Mozambique’s National Director of Energy Marcelina Mataveia. Talks over funding have been held with Belgium, Germany, the UK and the United Arab Emirates. (Bloomberg)
The announcement comes at a time when Mozambique has been ramping up development across the broader gas sector. While offshore activities have taken off (Coral FLNG), onshore activities, especially in Cabo Delgado have experienced several delays. Despite this, the country has been seeking to ensure it can ramp up its energy supply to meet the totality of its domestic consumption at a cheap price while exporting to regional markets.