Oil and Gas Opportunities
The primary focus of the Conference is on upcoming and lucrative Oil and Gas projects in Mozambique and examining synergies between Mozambique as an economic frontier and South Africa as a mature economic force triggering further growth across Mozambique and South Africa respectively. The Oil and Gas industry has been a catalyst for growth and infrastructure development across the African continent.
The PWC Review of Africa’s oil & gas sector shows that the oil & gas industry in Africa continues to show substantial growth, with new hydrocarbon provinces developing at a significant pace. “Large gas finds in Mozambique and Tanzania have caused the world to take note of East Africa as an emerging player in the global industry,’ says Bredenhann (PwC Africa Oil & Gas Advisory Leader).
Africa has proven natural gas reserves of 502 trillion cubic feet (Tcf) with 90% of the continent’s annual natural gas production of 6.5Tcf coming from Nigeria, Libya, Algeria and Egypt.