Petroleum Africa
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Friday, October 18, 2013
Legislation regulating Mozambique’s ever-growing natural gas resources is expected to be enacted prior to the end of 2013. The country’s oil minister, Salvador Namburette, speaking to reporters on the sidelines of the World Energy Congress (WEC) in South Korea said the legislation will set all the main directions of how the gas discovered was going to be used.
Namburette also said he was confident that the planned LNG project would be exporting by 2018.
Both ENI and Anadarko have found significant reserves off Mozambique’s coast and are jointly developing them together for the domestic and export market.
“Of course, LNG exports is one of the important components as it is the anchor project. It is a project that will take the gas from under the water to surface where part of it will be exported but part of it will be used domestically for power generation, for fertilizers and for other uses,” Namburette told Platts at WEC.
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