Post #264

🇲🇿 The Savior from the North 🌐Mozambique is rushing to save South Africa — and its own revenues. After the unexpected restart of operations by TotalEnergies and ExxonMobil, Mozambique decided to create a state super-consortium to begin supplying gas to its southern neighbour as quickly as possible. 🔸 Mozambique has granted its state corporations control over different parts of the gas supply logistics chain to South Africa, including reception and storage terminals at the Port of Beira and smaller Inhassoro site — as well as 865-kilometre ROMPCO pipeline. At the moment, the only part that actually exists and is in action is the pipeline. 🔸 All of this will be managed by the national oil company Empresa Nacional de Hidrocarbonetos (ENH), along with the ports and railways company CFM, the electricity utility Electricidade de Moçambique, and the Cahora Bassa Hydroelectric Company (HCB), under a new consortium that is yet to be formed. ⏩The goal here is to feed South Africa. Mozambique’s South African partners depend on its gas supplies for roughly 90% of their demand, and the Pande–Temane gas fields, from which South Africa currently receives gas, will be fully depleted by 2027–2028. 🔸 This explains the sudden resumption of upstream work in the north, in Cabo Delgado, where the Islamist threat is still persistent, as well as the government’s urgency. Everything must be done quickly, before someone else fills South Africa’s gas market. Devils Below