Yahoo: Mozambique eyes bigger slice of gas windfall
Gas-rich Mozambique will sell off a new batch of energy concessions later this month, with market watchers predicting the government will demand a greater share of the profits than ever before.
With some of the world's largest reserves potentially up for grabs, a bidding round for five new concessions spanning the an area the size of Panama or Ireland will start on October 23.
"Fifteen blocks, totalling 76,800 square kilometres will be made available for lease," Mozambique's National Petroleum Institute announced this week.
Two of the concessions lie in the deep water Rovuma basin -- near the Tanzanian border -- where Italian major ENI and Texas-based Anadarko petroleum have, between them, uncovered massive finds and are planning liquefaction plants worth $2 billion each.
Other concessions are located in areas not so far explored. MORE