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.

  • Sisie - 2011-10-07 07:38

    South African government green with envy. Bet they would like to get their hands on all that money just sitting there. ANC government has always made out that they are the bees knees of Africa, and with all this natural gas and other minerals being discovered they are not being looked at as big brother anymore. Ag shame - serve you right. SA has tried to dictate to Africa what it should and should not do - now African countries can tell SA/ANC to take a flying leap.

      scipio - 2011-10-07 08:08

      Ag please. Go spread your negativity elsewhere. This article has got nothing to do with the ANC. Mozambique is still in the dark ages compared to RSA. SA is the big brother of Africa, where you like it or not. Besides. Mozambican people will hardly bear the fruits from this abundant resource. Their government is just as corrupt as any other African country and they have already set themselves up nicely as a Chinese colony

  • carla.m.fernandes - 2011-10-27 14:47

    I think both views mentioned in these comments were pessimistic, it may not benefit the Mozambican people directly, but it will contribute to our economy, factors may however vary due to the agreements settled by the officials representing Moz and the corporate giants investing in the exploration. For as long as we dont have the facilities to explore these resources ourselves, dealing with foreign explorers is inevitable. Joint ventures by Moz and SA or any other countries alike , can prove to be beneficial, as Mozambique still has so much to learn. Potential is definitely something Mozambique posesses!!! 'a luta continua´....

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