Claudio Descalzi, CEO of Italian gas and oil company ENI, has likened Mozambique’s liquefied natural gas potential to a “feast”. The feast, which Mozambique and its international partners yearn for, boasts a starter and two main courses that could place the country among the world’s 10 largest exporters of liquefied natural gas (LNG) within the next decade. The banqueting will begin in 2022, when 3m tonnes of natural gas per year (3mtpa) will travel in a liquefied state under the high seas. Several prospecting operations are being prepared after Mozambique granted licences at the end of 2018. Eni leads one consortium (34%), together with Qatar Petroleum (25.5%), South Africa’s Sasol (25.5%) and Mozambican state company ENH – Empresa Nacional de Hidrocarbonetos (15%), which was assigned prospect block A5-A, an area spanning 5,133 sq km with depths ranging between 300 and 1,800 metres, in completely unexplored offshore territory opposite the district of Angoche, central Mozambique.
SOURCE: AFRICAN BUSINESS MAGAZINE
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