US oil company Anadarko Petroleum is due in May to sign a contract to carry out engineering studies for the liquefaction project for the natural gas found in the Rovuma basin, in Mozambique, company vice president Robert Daniels said Tuesday in Maputo.
Cited by daily newspaper Notícias, Daniels noted that signing the contract was the first step in moving ahead with exploration of the natural gas discovered in Area 1 of the Rovuma basin.
Speaking at the 3rd International Conference on Mines, Energy and Hydrocarbons, a meeting that brought together companies from over 40 countries, Daniels said that sufficient reserves had been identified in the basin to set up six natural gas processing units.
He also said that initially two units would be built with capacity to process 5 million tons of gas each, which, as well as supplying the Mozambican market would export the product to countries in the region an other parts of the world, notably Asia and America.
Overall investments by the US company in Mozambique are expected to total a minimum of US$14 billion by 2018 and, according to figures presented Tuesday, the company has so far invested US$800 million.
The gas discoveries in the Rovuma basin currently stand at 70 trillion cubic feet, 40 trillion of which are the responsibility of Italian petrochemical group ENI and 30 trillion are attributed to Anadarko Petroleum. (macauhub)