Maputo, Mozambique — 15 March 2013 – US oil and gas giant Anadarko Petroleum is in talks with potential customers in Japan for the sale of Mozambican natural gas to be processed at a factory to be built in Mozambique in partnership with Italian group ENI.
Macauhub News Agency reports that 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.
Citing Bloomberg News, the agency quotes Hoyle as saying that the product’s strengths were: first that there were uncertainties in Japan about the future of nuclear power, following the Fukushima disaster; and second 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, may 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 the Mozambican capital.
Source: Macauhub News Agency. For more information, click here.