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- Who owns Mozambique's Oil & Gas Project?
- In addition, Mozambique’s Oil & Gas Company, ENH, holds 15% of shares in the Project. The consortium is led by Total (Operator), one of the world’s largest natural gas & oil exploration & production companies. AfDB will provide a Senior Loan of up to USD 400m with an 18-yr tenor, including 4.5-yr grace for construction.
- How much does SASOL's oil & liquefied gas project cost?
- Additionally, Sasol is developing an integrated oil and liquefied petroleum gas project adjacent to its existing petroleum facility, this project is valued at over $700 million. The project includes 13 wells and a liquid propane gas (LPG) production facility at an estimated cost of $1.4 billion.
- How will Mozambique's LNG project impact the global economy?
- The sheer volume of gas discovery and expected LNG production is expected to place Mozambique in the third rank of global LNG suppliers. Over its lifetime, the Project will directly contribute an estimated USD 67.1 billion to the country’s GDP with indirect effects greatly surpassing this amount.
- Does Eni have exploration projects in mozambica?
- As of July 2023, only Eni has started exploration activities in these blocks. Empresa Nacional de Hidrocarbonetos (ENH), the state-owned hydrocarbon company, represents the Mozambican Government in petroleum operations. The law stipulates that ENH participates as a stakeholder in petroleum production operations, as well as exploration projects.
- Does Mozambique have natural gas reserves?
- Mozambique has three development projects approved to exploit the natural gas reserves of the Rovuma basin, classified among the largest in the world, off the coast of Cabo Delgado.
- Can Mozambique become a major supplier of LNG?
- Given Mozambique’s significant gas reserves and strategic location, the country has the potential to become a major supplier of LNG to Europe, Asia, and beyond, thereby lifting millions out of poverty.
