Oil exploration in
the Rovuma Basin,
off Mozambique
 
Maputo, Mozambique — 22 February 2013 – Contract negotiations between the Mozambican government and concession-holding groups, such as Italy’s ENI and US company Anadarko Petroleum for natural gas exploration in the Rovuma basin are going well.

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

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, reports Macauhub News Agency, and the first version of the document was presented last year.

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

One of the critical recommendations put forward by the consultants is that the companies and the government should speed up negotiations to carry out the gas liquefaction project 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.

Source: Macauhub News Agency. For more information, click here.