US oil group Anadarko Petroleum is expected to announce deals to supply natural gas from Mozambique this year and in 2014, the group’s chief executive, Al Walker said in Tokyo Tuesday.
Walker also said that the first shipments of natural gas would be, as previously outlined, in 2018, and added that at the end of the year the group will have invested US$3 billion in prospecting in Area 1 of the Rovuma basin in northern Mozambique.
So far, Walker said cited by financial news agency Reuters, the group had found reserves of between 35 and 65 trillion cubic feet of natural gas in the area.
At a conference with potential buyers, Walker said that the group planned to launch the project by installing four natural gas processing plants, which may be increased to 10, in an area of 7,000 hectares.
The US group partnered Italian group ENI jointly to develop the Area 1 and Area 4 blocks, and Anadarko announced on its website that liquid natural gas (LNG) production in Mozambique may total 50 million tons per year.
The two groups have found around 150 trillion cubic feet of natural gas in the two blocks, and new discoveries are announced regularly, the latest of which by ENI. (macauhub)