Renzi with Guebuza in Maputo. Renzi became the first Italian head of government to visit Mozambique yesterday, on the first leg of an African tour aimed at bolstering trade ties with the continent.
AFP/Maputo
Italian Prime Minister Matteo Renzi became the first Italian head of government to visit Mozambique yesterday at the start of an African tour aimed at bolstering trade ties with the continent.
During a champagne lunch with President Armando Guebuza, Renzi said that the visit was the result of an invitation made in Brussels earlier this year.
“I am sure he did not actually think I would come but I am here,” Renzi said jokingly.
Guebuza called the relationship between the two countries “excellent”.
“We have watched with great satisfaction the gradual flourishing of economic co-operation and business ties,” Guebuza said, pointing to Italy oil major ENI’s presence in the energy sector.
A powerful delegation that includes ENI chief executive Claudio Descalzi as well as main business lobby, Confindustria, is accompanying the premier.
ENI has made large natural gas discoveries in the deep waters off Mozambique’s northern coast over the past three years.
The country is only just getting to its feet after a devastating 16-year civil war that ended in 1992.
Mozambique boasts some of the world’s largest untapped natural gas reserves, with up to 170tn cubic feet discovered so far.
Uncertainty surrounds the start-up date for the construction of the first gas-to-liquid facilities to begin exploitation by 2018.
ENI and Texas-based Anadarko have yet to make a final investment decision on liquefied natural gas (LNG) facilities as they await new petroleum laws to govern the sector.
Whereas the government has asked the two companies to collaborate on the first LNG onshore, ENI is believed to be pushing to construct a separate, floating LNG facility out at sea.
From Mozambique, Renzi will travel to the Democratic Republic of the Congo and oil-rich Angola, where ENI also has interests.
