Mozambique Races To Become Big LNG Producer, Exporter - By Obafemi Oredein, Special to Hart Energy July 21, 2014
Updated legislation focusing on LNG is still a work in progress.
Africa, with vast tapped and untapped natural gas resources, will move a step higher in the world’s league of LNG producers when Mozambique and its global partners complete liquefaction projects by 2018-2019.
Mozambique’s natural gas resources, estimated at more than 4.5 Tcm (150 Tcf) for the Rovuma Basin offshore the country’s north coast alone, are believed to be enough to sustain LNG projects for 25 years. Plans are progressing for two LNG plants in the country; however, action on a draft petroleum law may not come during this session which ends in July...