Mozambique: Natural Gas Not Second Best to Oil

Experts attending an oil and gas conference in the United Arab Emirates have argued that natural gas is no longer the poor sister of the hydrocarbon family.

Speaking on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference, the President of Strategies et Politiques Energetiques, Francis Perrin, told AIM that in fact over the last twenty years natural gas has gained several advantages over oil. In particular, it is the cleanest fossil fuel and is increasingly in demand as the world's economy grows.

In October Mozambique's Minister of Mineral Resources, Esperanca Bias, revealed that just five years of exploration in the Rovuma Basin in the north of the country has increased known natural gas reserves from five trillion cubic feet to over 200 trillion cubic feet. Previous to these discoveries the known gas was located in the southern province of Inhambane.

The operators of the two successful northern concessions, US company Anadarko and Italy's ENI, are now developing plans to build Liquefied Natural Gas (LNG) plants which will cool the gas until it becomes a liquid prior to shipping to the world's energy markets.
MORE