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    Macauhub: Gas Projects in Mozambique Threatened With Oversupply

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Summary

Energy consulting firm Wood Mackenzie says that two of Mozambique's Rovuma-Basin projects could be delayed to tackle current oversupply of gas in the market

by: Erica Mills

Posted in:

Press Notes, Africa

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Macauhub: Gas Projects in Mozambique Threatened With Oversupply

The two largest natural gas exploration projects in Mozambique are likely to be postponed due to an impending oversupply in the world market, energy consulting firm Wood Mackenzie has warned.

About 200 trillion cubic feet of natural gas were recently discovered in the Rovuma basin by two consortia led by US company Anadarko Petroleum and Italy’s ENI, which are undertaking surveys on adjacent oil blocks.

Read the full article HERE.

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