ENI and Anadarko’s negotiations with Mozambique for gas exploration “going well”

21 February 2013

Negotiations of contracts for natural gas exploration in the Rovuma basin, between the Mozambican government and concession-holding groups, such as Italy’s ENI and US company Anadarko Petroleum, are going well, Mozambique’s Natural Resources Minister said Wednesday.

“So far everything is going well and I hop that continues until the end of the negotiations and that there are benefits for both sides,” said Esperança Bias at a seminar to present a summary report that is the basis for a natural gas master plan for Mozambique.

The World Bank, in coordination with the Mozambican government, has hired ICF International to carry out studies to draw up a master plan for the sector, and the first version of the document was presented last year.

According to daily newspaper Notícias, the summary presented Wednesday includes 30 recommendations, some of which are described as big priorities.

One of the critical recommendations put forward by the consultants is the companies and the government should speed up negotiations to carry out the gas liquefaction projects in Palma, Cabo Delgado province, due to the impact it will have on driving other initiatives in the energy sector.

Another recommendation is related to the government’s decision on what percentage the State will pay for, and the minister said that Mozambican legislation was flexible enough to allow for a variety of models. (macauhub)