Russia’s Gazprom interested in Mozambique’s natural gas

20 March 2013

Russian group Gazprom plans to but a stake in the assets Italian group ENI owns in Mozambique, financial news agency Bloomberg reported citing sources close to the process.

Noting that talks were confidential, the sources cited by Bloomberg said that nothing had been decided “and may even end without a purchase agreement for a stake in the Area 4 block, in the Rovuma basin.”

Sergei Kupriyanov, a spokesman for the Russian group, confirmed the group was interested in gas exploration in Mozambique.

Last week, the ENI group sold a 28.75 percent stake in ENI East Africa, a subsidiary that controlled 70 percent of the Area 4 block, to the China National Petroleum Corp.

Last year, the operators of the Area 1 and Area 4 blocks, US group Anadarko Petroleum and Italy’s ENI agreed to join forces to build one of the world’s largest natural gas liquefaction plants, with production and exports expected to begin in 2018. (macauhub)