Mozambique gas reserve estimates upped
2011-10-06 20:43
Maputo - Mozambique's off-shore Rovuma Basin holds 285 billion m³ of natural gas reserves, US-based Anadarko Petroleum said Thursday, revising up its earlier assessment of 169 billion m³.
The company said the reserves would allow the company to produce liquefied natural gas from two modules, with an output of five million tons a year from each.
Anadarko's last estimate in August put the reserves at 169 billion m³.
Mozambique lies at the southern tip of a fault line running along the east African coast to Somalia, forming a geologically inviting region for natural gas that has become the focus of an exploration boom in recent years.
Mozambique estimates that since 2009, $370m has been invested in exploration activities in the northern part of the country.
- SAPA
