Friday, December 14, 2012

Mozambique to use gas revenues to industrialize and social development

(Reuters) - Mozambique plans to take advantage of massive gas reserves to develop domestic industries as well as export liquefied natural gas, boosting government revenue by US$6 - US$8 billion a year, the latest draft of its master plan showed.

Some 150 trillion cubic feet of gas have been found off its shores so far, and the government and companies scouting wells have estimated there may be potential to double that estimate.

Oil majors including Italy's Eni and the U.S.'s Anadarko

More details here...

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