Maputo, Mozambique — 09 September 2013 – Exploration for the natural gas found in the Rovuma basin off northern Mozambique may bring in annual revenues of over US$10 billion, according to the country’s mining resources minister Esperança Bias.
The minister noted that so far over 75 trillion cubic feet of gas had been siscovered in Area 4 and another 95 trillion cubic feet in Area 1, and added that a plan was being drawn up for its extraction and processing, reports Macauhub News Agency.
According to the minister, who was speaking here at the opening session of the Coordinating Council for her ministry, the four natural gas processing units, which would have a combined capacity of 20 million tonnes, would provide annual revenues of over US$10 billion.
Bias added that the natural gas found so far, which made Mozambique one of the top 10 countries with most natural gas reserves, would allow for installation of additional gas liquefaction units and other industries that use natural gas as a raw material.
The minister also said that the government was drawing up a Natural Gas Master Plan which, as well as outlining and identifying potential for the resource, would establish which were the best ways of using it to maximise its benefits for Mozambique.
Caption, Pic 1: The Pande natural gas project in Mozambique.
Source: Macauhub News Agency. For more information, click here.