Energy Chamber Condemns the Lawsuit Restricting Funding to Mozambique LNG as Ill-Advised and Anti-Energy Poverty Eradication
The recent legal move to restrict the financing of Mozambique’s LNG project is a direct attack on the livelihoods of millions of Africans.
As the voice for the African energy sector, the African Energy Chamber (AEC) condemns the recent attack on Africa’s energy and economic progress made by the environmental organization Friends of the Earth. This week, the organization announced a legal challenge to the British government over the financing of the TotalEnergies operated Mozambique Liquefied Natural Gas (LNG) project.
With the case expected to be heard in the High Court, the blocking of $1.15 billion intended for the project will be detrimental for the country, its people, and their future.
The impacts of the Mozambique LNG project cannot be overstated. From creating tens of thousands of jobs for the local community to improving energy access across the region, the project has the potential to lift millions out of poverty and drive sustainable socio-economic growth for decades to come. For a country with only 30% of its population with access to electricity, and increasing demand within the wider region – particularly in countries such as Zimbabwe and South Africa both of which are experiencing their own electricity crises – the project represents a turning point for southern Africa.
Developed coincidingly with ENI and ExxonMobil’s $4.7 billion Coral Floating LNG project and the $30 billion Rovuma LNG project, the Mozambique LNG project will be critical for the country regarding its COVID-19 recovery strategy. Like many other African countries, Mozambique suffered significant economic impacts from the pandemic, and without the LNG project, the country may never fully recover. For this reason and many more, the AEC maintains its strong foothold on the project, emphasizing its importance for Africa in the face of COVID and climate change.
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