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Eni LNG deal raises hopes of Mozambique gas boom
June 1, 2017 / 5:00 PM / 6 months ago

Eni LNG deal raises hopes of Mozambique gas boom

MAPUTO, June 1 (Reuters) - Italian energy company Eni signed a deal on Thursday to develop a huge gas field offshore Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia.

The Coral South field, discovered in May 2012, is within Area 4 of the Rovuma Basin and contains approximately 450 billion cubic meters (16 TCF) of gas in place. (Reporting by Manuel Mucari; Writing by Nqobile Dludla; Editing by Edmund Blair)

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