ENH of Mozambique sells 20 pct stake in Pemba gas terminal

19 September 2014

Mozambique’s national oil and gas company ENH plans to sell a 20 percent stake in the Pemba gas terminal, in the north of the country, the president of ENL Logistics, a subsidiary of ENH, said Thursday in Maputo

Eduardo Naiene said the company has mandated the Banco Nacional de Investimento (BNI) to lead the sale of 20 percent of the Pemba Integrated Logistics Centre, from where natural gas extracted in the Rovuma basin will be exported by sea, according to Portuguese news agency Lusa.

The Pemba Integrated Logistics Centre, also known as the Pemba Logistics Base, will enable exports of natural gas produced in the district of Palma, 460 kilometres away.

The facility, the first phase of which was launched in August, includes a 300-metre pier, facilities to produce and assemble undersea equipment, access roads and storage areas for equipment and mechanical workshops, to support the oil and gas industry in the region, with an estimated initial investment of US$145 million.

Construction of the first phase of the Pemba Logistics Base is due to be completed in 2016, two years before the start of production of the gas extracted from the Rovuma basin.

The Logistics Base was handed over as a concession by the Mozambican government for 30 years to Portos de Cabo Delgado (PCD), a partnership between ENH and Mozambican port and rail manager CFM.

To implement the project PCD sub-contracted the facility to ENHILS, made up of ENH Logistics, with 51 percent, and Nigeria’s Orlean Invest, with 49 percent. (macauhub/MZ)

MACAUHUB FRENCH