CTA calls for partnerships between Mozambican companies and major investors in Rovuma LNG project - Watch

The Confederation of Economic Associations of Mozambique (CTA) on Friday called for Mozambican companies to pursue partnerships with major investors to take advantage of opportunities arising from the Rovuma LNG project, led by ExxonMobil in the Rovuma Basin.

Speaking after a meeting with Anthony Pryde, ExxonMobil’s Mozambique Development Director, CTA Local Content Bureau President Adrian Frey estimated that local content associated with the Rovuma project would generate income for two million Mozambicans and business opportunities for 10,000 companies.

“Our objective is to generate income for two million people and contracts for 10,000 companies, but achieving this target depends on partnerships between Mozambican companies and major investors,” Adrian Frey said.

On the occasion, the CTA representative explained that local content should cover not only the gas sector, but also mining, agriculture and other sectors linked to the supply chains of major investment projects.

To this end, “the CTA has already made platforms available to facilitate Mozambican companies’ access to business and employment opportunities, having published more than 600 tenders and opportunities”.

Frey urged national companies to monitor contracting opportunities made available through the CTA and ExxonMobil platforms and prepare to respond to tenders and supply requirements.

“It is important that you pay attention to this. (…) The message is really to start preparing for these tenders and these jobs,” he stressed.

According to Frey, the CTA has already made platforms available through which more than 600 tenders and employment opportunities have been published, while ExxonMobil has the MozUp platform, which, among other objectives, is intended to support companies interested in joining the supply chains of major projects.

The Local Content Bureau president stressed that the opportunities are not limited to the gas sector, also pointing to prospects for national companies to participate in mining, agriculture and service provision.

“This new phase of investment in Mozambique has already begun. Now we only talk about gas. We have not yet talked about the mining sector. The mining sector will also become part of this, in local content,” he said.

Frey also said that the Local Content Bureau was preparing to open an office on Maputo’s Marginal, dedicated to supporting national companies.

For his part, ExxonMobil’s Mozambique Development Director, Anthony Pryde, expressed the oil company’s commitment to working with Mozambican businesses to maximise opportunities associated with Rovuma LNG.

The US oil company is expected to make the final investment decision on the Rovuma LNG project next September. The project, led by ExxonMobil in Area 4 of the Rovuma Basin, was suspended after a declaration of “force majeure” following terrorist attacks in Cabo Delgado in 2021.

Source: MzNews / AIM Moçambique

Source: MzNews