23/10/2023 Press release
WITH THE SUPPORT OF MOZAMBIQUE LNG: CTA SIGNS AGREEMENT WITH FRENCH BUSINESS ASSOCIATION EVOLEN
The Mozambique LNG Project, operated by TotalEnergies EP Mozambique Area 1 Limitada, in collaboration with the Confederation of Economic Associations of Mozambique (CTA) and the French business association EVOLEN, held today, in Paris, the second edition of the Mozambique - France Business Partnership Program, marked by the signing of a memorandum of understanding between the CTA and EVOLEN and the seminar of information and experiences sharing between Mozambican and French companies. More than 40 companies from both countries participated in this event.
The Memorandum between the CTA and EVOLEN, which aims to encourage, facilitate and promote cooperation between economic agents and Mozambican and French institutions, covers the sharing of scientific, technical and economic information, the establishment of partnerships in the industrial, technological and commercial fields, as well as encouraging the development of business opportunities and supply chains.
The seminar was an opportunity for bilateral and multilateral meetings between national and foreign entrepreneurs, who shared information and experiences particularly in the fields of energy, logistics and transport, civil construction and the provision of general services.
The President of the CTA, Agostinho Vuma, stated that “the signing of the memorandum of understanding between the CTA and EVOLEN represents an important milestone in the sharing of information, in the implementation of annual events in Mozambique and in France, as well as the formalization of the relationship between the Mozambican and French entrepreneurial community. We hope this enables the identification and development of mutually advantageous business partnerships able to strengthen Mozambican companies’ aptness to enter the global market and to benefit from the enormous business opportunities that will arise in the country, particularly with the development of projects of gas and energy.”
For the President of Evolen, Jean Cahuzac, “this second business forum confirms what we saw at the first forum, last April: the prospects for Mozambique are very positive. Mozambique has all the ingredients to attract investment and technology transfer from France. There is a long-term vision with LNG projects that will last dozens of years and there is a policy that aims to guarantee local content by advocating partnerships and investments in the country to guarantee the longevity of the projects. We have every reason to be optimistic and confident of success. In this sense, the memorandum we signed with the CTA is particularly important, because we have created a general framework to build the future. It is important, therefore, that we follow up on the memorandum to develop concrete actions”.
Leonardo Nhavoto, Local Content Manager at TotalEnergies EP Mozambique Area 1 Limitada, said: “We are particularly pleased with the second edition of the Mozambique - France Business Partnership Program , as we feel that we continue to make qualitative progress in implementing our strategy aimed at the maximizing local content. The memorandum between the CTA and EVOLEN reaffirms the closer relationship between Mozambican and French entrepreneurs, allowing greater allocation of industrial innovations, commercial experiences and good business practices, while fostering a favorable environment for business development in the oil and gas industry in Mozambique. In consonance with the vision of the Mozambique LNG project, we will continue to work towards the materialization of opportunities – such as the one implemented alongside Evolen - through the involvement of companies, associations, and business communities from other countries.”
About Mozambique LNG project
Mozambique LNG is the first onshore development of a liquefied natural gas (LNG) plant in the country. The project includes the development of the Golfinho and Atum fields located within Offshore Area 1 and the construction of a two-trains liquefaction plant with a capacity of 13.12 million tonnes per year. The Area 1 contains approximately up to 65 Tcf of gas resources, of which 18 Tcf will be developed with the first two trains.
TotalEnergies EP Mozambique Area 1 Limitada, a wholly owned subsidiary of TotalEnergies SE, operates the Mozambique LNG project with a 26.5% stake, together with Mitsui E&P Mozambique Area1 Limited (20%), ENH Rovuma Área 1, SA (15%), ONGC Videsh Rovuma Limited (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique BV (10%), and PTTEP Mozambique Area 1 Limited (8.5%).
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable, and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.