Maputo, Mozambique, 20 April – A large natural gas deposit has been found in the Rovuma basin, according to Japanese company Mitsui, which is part of an offshore exploration project in northern Mozambique,.
The basin of the Rovuma river, which separates Mozambique from Tanzania is estimated to contain 10 trillion cubic feet of gas (283.168 billion cubic metres), which represents a potential 10 million tons of liquid natural gas (LNG) over the next 20 years.
Japan imports 60 million tons of LNG per year.
Mitsui has a 20 percent stake in this project in the Rovuma basin, which also involves Mozambique’s oil and gas company ENH and US company Anadarko Petroleum Corp.
The companies plan to start producing liquid natural gas in 2018 following negotiations with the Mozambican government, which are expected to begin in 2013. (macauhub)