The head of Energy and Infrastructure at Standard Bank Group, Paul Taylor, believes that Mozambique's Liquefied Natural Gas (LNG) can play an important role in meeting the shortfall in the global market resulting from the Russia-Ukraine conflict, which has reduced the availability of this important energy resource by around 120 million tons.

Paul Taylor was speaking recently in the city of Maputo during the ninth annual Gas and Energy Summit and Exhibition (MGES), which brought together various national and international players in the sector with the aim of discussing the various investment opportunities that the country offers in the areas of mining, energy, and oil and gas.

As part of the panel that discussed "Project Financing: New Structures and Innovative Strategies to Support the Extension of Energy Projects", the Director of Energy and Infrastructure at Standard Bank Group also referred to the country's relevance in the region's energy sector, especially in South Africa, which is going through a time of crisis.

"South Africa is facing an energy crisis, needing 60 to 70 gigawatts of energy, and we believe that Mozambican LNG can play an important role in achieving energy security in the neighboring country," said Paul Taylor.

MGES is an important platform for attracting investment to some of the country's main development areas, namely: infrastructure, electricity, mining, and oil and gas, among others.

By associating itself with this event, Standard Bank aims to stimulate debate on issues relevant to the sustainable development of the sector in the country, and thereby contribute to the search for solutions to current challenges, such as the energy transition to cleaner and "environmentally friendly" energies.