Estêvão Tomás Rafael Pale will travel to Cape Town to Chair ‘Invest in Mozambique Energies’ at African Energy Week 2023, with ENH joining as sponsor of the session.
With Mozambique’s state-owned hydrocarbon company, Empresa Nacional de Hidrocarbonetos (ENH), focused on optimizing the nation’s upstream activities and bolstering both midstream and downstream sectors, the African Energy Chamber (AEC) is proud to announce that ENH has joined the continent’s largest energy event, African Energy Week (AEW), as partner of the ‘Invest in Mozambique Energies’ session. ENH Chairman Estêvão Tomás Rafael Pale is a speaker at the event, and will assume the role of Chair of the session. ‘Invest in Mozambique Energies’ presents a unique and timely opportunity for exploring strategic partnerships, fostering investment, and promoting collaboration within Mozambique’s thriving energy sector.
Pale, for his part, is a highly accomplished Mozambican energy professional with an impressive background and extensive experience in various fields, particularly geology, mining, and the oil and gas sector. He has held significant positions in both government and private organizations, making him well-suited for his role as the Chairman of the Board of Directors of ENH. Pale’s role as Chairman of ENH as well as his tenure as Executive Director at Companhia Moçambicana de Hidrocarbonetos (CMH), a major player in Mozambique’s energy sector, highlights his suitability as Chair for this session discussion. Under his leadership, CMH thrived, earning recognition as a standout model in the oil and gas industry. In 2008, CMH was named Mozambique’s top company by KPMG, citing impressive growth, profitability, and financial performance. These accomplishments make Pale an excellent choice to lead discussions on Mozambique’s energy sector.
Mozambique itself boasts vast proven natural gas reserves exceeding 100 trillion cubic feet (tcf), rendering it an exceptionally attractive hydrocarbon basin. During the ‘Invest in Mozambique Energies’ session discussion, Pale will steer panelists through pivotal questions shedding light on Mozambique’s burgeoning energy sector. This includes ambitious projects like TotalEnergies’ colossal $20 billion Mozambique Liquefied Natural Gas (LNG) venture, boasting a massive capacity of 65 tcf. Situated in Cabo Delgado province, this project promises significant opportunities for energy service providers, logistics firms, infrastructure developers, and investors. While the project was delayed due to security challenges, TotalEnergies is engaging with stakeholders and government officials to get the large-scale development back on track.
Mozambique’s emerging status as a significant market for industry players in the downstream, midstream, and gas-to-power sectors is further underscored by multinational integrated energy company Eni’s plans to extend the Coral Gas Field Development. This extension is marked by the commencement of LNG exports from the field through the Coral Sul Floating LNG Project in November 2022, complementing Mozambique’s commitment to enhancing infrastructure for local gas resource utilization. This milestone positioned the country as a major LNG producer in global supply chains, and has triggered newfound opportunities for economic growth, job creation and new investment flows into Mozambique’s promising gas market. During AEW 2023, Pale will provide further insight into the opportunities created by this and the many other developments underway.
“Having Pale as the ‘Invest in Mozambique Energies’ chair is a strategic move. His ability to guide panelists through discussions, coupled with his deep insights and expertise, will undoubtedly pique the interest of potential investors looking at Mozambique’s abundant opportunities. Pale’s track record speaks volumes about his capability to showcase Mozambique’s energy sector as a promising investment destination, and the potential for international partnerships and collaborations further adds to the allure of Mozambique’s energy sector,” states NJ Ayuk, Executive Chairman of the AEC.
In addition to gas-centric discussions, Pale will provide insights into Mozambique’s commitment to diversifying the energy mix by integrating solar power and the ongoing efforts to construct climate-resilient energy infrastructure. As such, AEW 2023 offers a unique platform to engage with a strong slate of investors and policymakers, forging vital connections and partnerships to drive sustainable energy initiatives in Mozambique forward.
AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com.