The new facilities for natural gas production at the Pande and Temane project in Inhambane, Mozambique, are due to be inaugurated Wednesday, a spokesman from the Mozambican Mining Resources Ministry told Macauhub in Maputo.
The Pande and Temane natural gas facility is a consortium made up of Sasol Petroleum Temane (a Mozambican subsidiary of South African group Sasol) with 70 percent stake, state company Companhia Moçambicana de Hidrocarbonetos with 25 percent and the International Financial Corporation (IFC) of the World Bank group with 5 percent.
The first phase of the gas production project was launched in January 2004, with production of 120 million gigajoules of natural gas per year.
The extension due to be opened Wednesday by the Mozambican President will increase production to 149 million gigajoules per year.
The Economic and Social Plan for 2012 outlines that natural gas production will remain unchanged, as compared to 2011, at 132 million gigajoules. (macauhub)