[Sponsored Report] Kogas touches down in African energy industry

Kogas CEO Choo Kang-soo, a Zimbabwean ambassador, the ENH CEO and 170 other Mozambique government executives celebrate the groundbreaking of the Kogas project in the capital city of Maputo.

The Ministry of Trade, Industry and Energy and Kogas on March 14 held a groundbreaking ceremony for the Maputo city’s gas supply joint project in Mozambique, the first-ever overseas project between the two nations.

Per request of the Mozambican government, the southeastern African country will supply natural gas to its capital city Maputo with the help of Kogas. A joint company, ENH-Kogas SA, has been established together with the Mozambican state-run gas company. Kogas will be operating the supply facility for 20 years after the construction, selling the natural gas.

According to Wood Mackenzie’s study this year, Mozambique will likely be an important state for natural resource in the future, having 24.99 trillion cubic meters of natural gas.

Korea’s Industry Ministry has selected Mozambique as a strategic economic partner among all 54 African countries in November after an MOU was signed with Mozambique Ministry of Mineral Resources in July last year.

The Korean ministry has organized a large-scale delegation team made up of government officials, state-run companies, financial institutions and major companies. The team has hosted the first Korea-Mozambique industrial resource cooperation committee and is planning to expand its support in order for other Korean companies to be able to participate in economic cooperation between the two nations.