Overseas Delegation to South Africa & Mozambique
22 Feb 2015 - 27 Feb 2015
The EIC is organising an oil and gas overseas trade delegation to Maputo in Mozambique & Johannesburg & Cape Town in South Africa. Delegates will have the opportunity to attend organised group meetings with key local players, as well as incorporating briefing meetings presented by qualified speakers with in-market experience and the opportunity to meet with local companies.
Why Mozambique and South Africa?
Operators Anadarko and Eni have discovered a combined total of up to 150 Tcf of natural gas in Mozambique. As a result of these discoveries, Mozambique has gone from a modest natural gas exporter to one of the top countries in the world in terms of natural gas reserves, with ambitious plans to become a very significant player in the LNG market. Through the construction of an LNG facility in Mozambique based on the combined offshore resources of Anadarko and Eni, first exports are scheduled for 2019.
While much is expected of Mozambique’s global influence as an LNG exporter, it has already established ties much closer to home, exporting gas to South Africa via pipeline to supply Sasol’s Secunda CTL plant and to fuel gas-fired power plants. In fact, due to South Africa’s rising petroleum consumption (currently the second largest consumer in Africa), plans are underway to construct a further pipeline between the two countries. This 2,450 km pipeline will transport natural gas sourced from the Rovuma basin in Mozambique to South Africa for its gas-to-power markets.
As Mozambique passes a new petroleum law, which offers a clear and comprehensive legal framework to facilitate investment in the development of the country’s huge offshore gas reserves, and while South Africa is desperate to meet its increasing petroleum consumption, the opportunity for UK companies across all energy sectors in the region has never been better.
UKTI are offering Market Access Programme grants of £840 towards the cost of the delegation for eligible companies. To qualify for this funding you must be an SME & depart for the delegation from the UK.