Since 2010, Mozambique has found around 35bn BOE. In 2017, Mozambique took FID on Coral FLNG, one of the world’s first such plants. However, the two lead onshore LNG plants (Golfinho and Rovuma LNG) are yet to take FID. In the last 18 months, China’s energy policy has encouraged coal to gas switching and oil prices are now above USD 70 per bbl. These factors are encouraging but Mozambique faces strong competition from alternatives such as USA, Canada and Russia. Can Mozambique’s two key projects take FID in 2019?
A lot rests on the decisions. Mozambique can become the world’s #4 or #5 LNG supplier in time. Mozambique’s economy may take off and take the country to middle income status. In addition, regionally, Mozambique may become a critical player in the 2020s and beyond.
Paul Eardley-Taylor of Standard Bank will take us through the latest developments on what will become Planet Earth’s most expensive real estate…
Presenter:Paul Eardley-Taylor - Oil & Gas, Southern Africa, Standard Bank
Paul Eardley-Taylor is responsible for Standard Bank’s Oil & Gas sector coverage activities for Southern Africa (11 countries), across upstream, midstream, downstream, services and process industry clients.
Paul has 20 years of energy corporate and investment banking experience, covering the Oil & Gas, Power & Utilities and Renewables & Carbon sub-sectors, and has been based in Africa for 10 years. He has extensive experience of the SA/Southern African energy environment, as adviser, banker and financier. Prior to joining Standard Bank in 2009, Paul worked for HSBC for over 10 years and gained extensive experience of transactions across EMEA and select global markets in Asia/Australasia.
Paul holds degrees from Birmingham University; London University and an MBA from Henley Management College. He is a Fellow of the Securities & Investment Institute, a member of the Energy Institute and has completed Harvard Business School’s Global Energy Seminar.
DATE: Wednesday, 23 January 2019
TIME: 17h30 until 20h00
Join us for refreshments and networking before the Energy Rendezvous kicks-off
VENUE: LIBERTY BUILDING
Century City Cape Town