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    Macauhub: ENI Due to Decide This Year on Investment in Natural Gas in Mozambique

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Summary

CEO of Eni Claudio Descalzi says his company will make a final investment decision on its northern Mozambican gas fields will be made with Anadarko this year

by: Erica Mills

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Press Notes, Africa

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Macauhub: ENI Due to Decide This Year on Investment in Natural Gas in Mozambique

Italian group ENI is expected to make a final investment decision by December for the project to explore the natural gas reserves discovered in northern Mozambique, said the CEO of the group.

Claudio Descalzi added, speaking to Jeune Afrique magazine, that a decision on a onshore project with US group Anadarko Petroleum would be taken only in 2017, since it is a more complex process, and advance agreements with international natural gas buyers are needed.

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