• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Saudi Fund Wants to Take Tesla Private?
  • 48 mins Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 40 mins Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 7 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 4 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 8 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 2 hours Corporations Are Buying More Renewables Than Ever
  • 16 hours Starvation, horror in Venezuela
  • 20 hours Are Trump's steel tariffs working? Seems they are!
  • 20 hours Is NAFTA dead? Or near breakthrough?
  • 21 hours China still to keep Iran oil flowing amid U.S. sanctions
  • 18 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 16 hours The Discount Airline Model Is Coming for Europe’s Railways
Shale Profits Remain Elusive

Shale Profits Remain Elusive

Despite higher oil prices, U.S…

Mozambique Moves Towards LNG Production

Western interest on Africa’s energy reserves is intensifying.

Houston’s Anadarko oil and gas company has proposed to Mozambique’s government establishing a Liquefied Natural Gas facility capable of producing a billion cubic feet of gas a day in northern Mozambique.

Anadarko’s exploration concession blocks cover both onshore and offshore areas in the Palma and Mocimboa da Praia in Cabo Delgado province districts, and exploratory drilling has uncovered large deposits of natural gas in four of Anadarko’s seven exploratory wells, Agencia de Informacao de Mocambique reported.

Anadarko has so far invested $750 million in Mozambique’s Rovuma basin and projects investment costs to exceed $3 billion by the end of 2013. If Anadarko’s plans for an LNG facility are approved, Anadarko’s eventual investment could rise to $15 billion 2018, which would be by far Mozambique’s largest foreign investment.

Mozambique’s National Petroleum Institute chairman Arsenio Mabote is advocating that some of the natural gas be retained for use in Mozambique to produce fertilizers and methanol and also electricity generation for the country’s northern provinces.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment
  • abdul azizi on September 11 2013 said:
    that's what we need.Mozambique now will change and will develope rapidely.keep it up Anadarko.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News