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
More Stories
Richard Branson’s Oasis in Morocco Gets Top Prize
The UK Keeps South Africa on its Red List for Travel
A Boost to Park Conservation Across Africa
A Road Trip along South Africa’s Wild Coast
One of the Most Challenging and Inventive Figures in Contemporary African Art
Thebe Magugu on the Political Power of Fashion
Liya Wants to Stand Out
Exclusive: Nerea Amoros Elorduy on Creating More Liveable Environments in Refugee Camps
Meet Chris Fallows, the South African Wildlife Photographer Behind ‘Air Jaws’ and More
Explore the Beautiful Crafts and Textiles Emerging Now from Africa
Can Africa’s Green Initiatives Mitigate Effects of Climate Change?
Damning Allegations Levelled against British American Tobacco South Africa