BizNews: Mozambique’s natural gas boom could dwarf SA’s promised Shale Gale

If all goes well, an energy boom could be underway in Mozambique. Joining CNBC Africa to tell us what the oil and gas discoveries mean for Mozambique and it’s neighbours is Claude Illy; head: oil & gas M&A advisory, sub-Saharan Africa, corporate finance advisory, at Deloitte & Touche. But as always, it isn’t just about the facts and merit, but rather agendas, consequences, regulation, legislation and money! – CP

GUGULETHU MFUPHI: Welcome back to Power Lunch. If all goes well for the country, an energy boom could be underway for Mozambique. Here to tell us what Oil & Gas discoveries mean for that country and where investment opportunities could be, is Claude Illy, Head of Oil & Gas M&A Advisory for Sub-Saharan Africa Corporate Finance Advisory at Deloitte. It’s good to have you with us, as always. Thank you so much for joining us. The Oil & Gas African opportunity – the opportunity and the story behind it there: are Africans capitalising on it by making it a business-friendly environment?

CLAUDE ILLY: I believe that if the right framework is set, it could be very beneficial to Mozambique, South Africa, and to neighbouring countries. Right now, the Regulatory and Fiscal framework, in order to develop those huge gas discoveries in Mozambique, are being established and it seems as though it’s going in the right direction. If the right framework is set, many people will benefit from it.
MORE