Brazil court gives go ahead to $8.6 bn Petrobras deal
Fourteen companies have submitted tenders for natural gas development projects in Mozambique.
According to the Ministry of Mineral Resources and Energy, the public tender launched on 26 August attracted proposals from Mitsui, Engro Fertilizer, Shell Mozambique BV, Electricidade de Moçambique, Yara International, Marubeni, Gl-Africa Energy, Muinvest, Auto-Gás, Epsilon, Jiangsu SinochemConstruction Co.LTD, Union-JNC-JSPDI-VBC-SAL Consortiun, Gas Nosu and MOTSE, SA.
All tenders submitted by competitors have been opened and their evaluation is currently underway.
After the discovery of hydrocarbons in the Rovuma basin in Cabo Delgado, the government and concessionaires agreed to make a certain quantity of natural gas available for the development of industrial projects in the national market.
The government then launched a public tender last August with the purpose to select companies for the conception, investment and projects development such as power generation, fertilizer and/or liquid fuels production for consumption in Mozambique.
According to the Ministry of Mineral Resources and Energy, the tender intends to locally add value on our natural resources and contribute to meet the needs of the domestic market in certain services and consumer goods, thus replacing their importation.
Initially the deadline for submission was 17 October, which later changed to 17 November.
In addition to being exported, natural gas could be used domestically for the production of synthetic diesel, fertilisers, electric power generation and household use, among others.
The Rovuma basin is so far the most important natural gas reserve discovered in Mozambique, with the main operators being Italy’s Eni and the US company Anadarko.
The two companies have made discoveries in recent years estimated at just over 180 trillion cubic feet of gas, the exploitation of which could place Mozambique among the world’s top three natural gas producers.
Cyclone: 120 million dollars required for electricity