Why is Mozambique attractive to international companies?
Geert Klok of the Chamber of Mines of Mozambique talks about why Mozambique is attractive to international companies. Discoveries have changed fortune of Mozambique.Once a hydrocarbons backwater, country now has the potential to become one of the world¡¯s largest LNG exporters.
Does Mozambique produce oil?
Mozambique has traditionally only produced gas from its onshore plays operated by South Africa¡¯s Sasol. The country produces no oil and is reliant on imports. Mozambique has worked hard to streamline policies and break down bottlenecks in meeting its immense capacity potential.
How big is Mozambique’s oil & gas industry?
Gas discoveries in the Rovuma Basin: 5.1 tcm Planned LNG production capacity: 28 million tpy 2022 oil reserves 15 million barrels Mozambique¡¯s oil and gas industry has greatly grown in significance with the discovery of major offshore gas plays beginning in 2010.
Why does Mozambique have no oil?
The country produces no oil and is reliant on imports. Mozambique has worked hard to streamline policies and break down bottlenecks in meeting its immense capacity potential. However, security issues and economic factors have largely held back large-scale development, with many projects put on hold.