Mozambique Oil & Gas: Eni FID expected yet this year

Mozambique Mineral Resources and Energy Minister, Leticia da Silva Klemens

Italy’s Eni should make a final investment decision on its first offshore deep-water Liquefied Natural Gas project in Mozambique by the end of this year, Energy Minister Lleticia da Silva Klemens said on Wednesday.

U.S. company Anadarko is expected to make its own investment decision on a separate LNG project next year, da Silva Klemens said.

Mozambique has some 85 trillion cubic feet of gas reserves — enough to supply Germany, Britain, France and Italy for nearly two decades. It is likely to take at least five years after final investment decisions before gas production begins.(SOURCE: Reuters; by Joe Brock. Editing by Jane Merriman)

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