Natural gas exploration in Mozambique expected to provide annual revenues of US$10 billion
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| Natural gas production by countries (Romania in red) in cubic meters per year (Photo credit: Wikipedia) |
September 6th, 2013 - Macau Hub
Exploration of the natural gas found in the Rovuma basin in northern
Mozambique, may bring in annual revenues of over US$10 billion, the
Mining resources Minister, Esperança Bias said.
The minister noted that so far over 75 trillion cubic feet of gas had
be found in Area 4 and another 95 trillion cubic feet of natural gas
had been found in Area 1 and added that a plan was being drawn up for
its extraction and processing.
According to the minister, who was speaking at the opening session of
the Coordinating Council for her ministry, the four natural gas
processing units, which will have a combined capacity of 20 million
tons, would provide annual revenues of over UUS$10 billion.
Bias also said that the natural gas found so far, which makes
Mozambique one of the top 10 countries with most natural gas reserves,
would allow for installation of additional gas liquefaction units and
other industries that use natural gas as a raw material.
The minister also said that the government was drawing up a Natural
Gas Master Plan which, as well as outlining and identifying potential
for the resource, would establish which were the best ways of using it
to maximise its benefits for Mozambique.
