In this interview given to Zitamar News, Dr Carole Nakhle, CEO of Crystol Energy, comments on Tanzania’s LNG plans and whether these could pose a threat to Mozambique’s gas export ambitions.
According to Dr Nakhle, there will continue to be a high gas demand for at least the next two decades, because gas-fired power can be used to balance out the intermittency of renewable energy. Tanzania’s main concern should therefore not be about gas demand, but how it will attract sufficient capital at a time when global competition for increasingly scarce capital is intensifying.
Every producer is competing with all other producers. The one that secures the market is the one that can deliver gas profitably at given prices. So far, Mozambique has been more competitive than Tanzania and this is why it has advanced its LNG projects faster than its East African neighbour.
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