Anadarko Petroleum in talks with Japanese companies to sell natural gas from Mozambique

14 March 2013

US group Anadarko Petroleum is in talks with potential customers in Japan for Mozambican natural gas processed at a factory to be built in partnership with Italian group ENI, a senior group official said in Maputo.

According to financial news agency Bloomberg, Steve Hoyle, the group’s vice president for the sale of liquid natural gas, said that these negotiations would take a long time and that no quick conclusion should be expected.

Hoyle noted that the product’s strengths were that there were uncertainties in Japan about the future of nuclear power, following the Fukushima disaster, and the fact that there were question marks over the export of large deposits of shale gas found in the United States.

The Rovuma basin, in northern Mozambique, make contain 250 trillion cubic feet of natural gas, which is more than enough to meet world demand for two years, according to state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH).

“We are currently negotiating with 20 customers in 10 countries,” Hoyle said at an international natural gas conference in Maputo, the capital of Mozambique. (macauhub)