The government of Mozambique announced a one-month extension of the deadline for the tender to select companies interested in the design, investment and development projects to use liquefied gas (LNG) in initiatives such as the production of electricity and production of fertilizer or liquid fuels for local consumption.
The report by Mozambican newspaper Noticias said the deadline for the tender launched in August had been extended until 17 November.
According to the newspaper the deadline extension comes in response to a request from several companies interested in taking part.
Petromoc, one of the companies interested in the project for transforming natural gas into diesel revealed that the investment may exceed US$5 billion and create 15,000 jobs.
The Rovuma sedimentary basin in northern Mozambique, so far has the country’s most important natural gas reserves and is estimated to contain over 180 trillion cubic feet of gas.
US multinational Anadarko and Italy’s Ente Nazionale Idrocarburi (ENI) are the main operators in the area but in the coming years the area may see the involvement of another US oil giant, ExxonMobil, which was approved in the last tender for oil and gas research launched in Mozambique. (source: macauhub/mz)