Mozambique raises over US$206 million from first LNG project in Rovuma basin
Highlights:
Notícias (File)
Offshore Eni LNG project supposed to create 820 new jobs
12:00 CAT | 26 Feb 2016
Folha de Maputo
The approval by the Council of Ministers of ENI’s Coral South offshore LNG development plan will result in the creation of 820 new jobs.
The Coral South Project Development Plan, to be implemented this year by ENI East Africa, is located in area 4 of the Rovuma Basin, and will initially extract 4.7 trillion cubic feet of natural gas, producing 3.37 trillion cubic feet of liquefied natural gas (LNG).
The approved plan constitutes only the first phase. It is estimated that area 4 of the Rovuma Basin holds reserves of about 15.65 trillion cubic feet of natural gas. Projects exploiting the remaining natural gas in the Coral reservoir and its liquefaction will be subject to specific development plans to be approved by the government in due course.
The approval of this plan will kick-start development in the north of the country through the implementation of basic infrastructure to support the operation of the floating LNG platform.
Of the 820 jobs, 90 percent will be filled by Mozambicans professionally trained for the purpose.
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.