Eni reports a giant natural gas discovery of at least 15-20 tcf (425-566 bcm) off the coast of Mozambique that could transform the country’s power mix and help supply Asian power plants.
The scale of the find at the first exploratory well in the Mamba South area in offshore Area 4 could justify building up to three liquefier plants in the country, each at a coast of $5bn, said Eni CEO Paolo Scaroni.
“Mozambique will become another province of gas”, he said, according to the Financial Times. “I don’t go as far as saying another Qatar, but something extremely relevant.”
The Italian group will build a liquefied natural gas (LNG) in the country, said Chief Executive Paolo Scaroni. He said that Mozambique’s location and large port made it well-placed to supply Pacific markets such as India, China and Thailand.
He said gas production could start in 2016 but cautioned that the estimated size of the discovery referred to resources rather than proven reserves. BG Group has also reported finds off neighbouring Tanzania.
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