Maputo, Mozambique — ESI-AFRICA.COM — 26 April 2011 – A large natural gas deposit has been discovered in the Rovuma basin, according to Japanese company Mitsui, which is part of an offshore exploration project in northern Mozambique.
The basin of the Rovuma river, which separates Mozambique from Tanzania, is estimated to contain 283.168 billion cubic metres, which represents a potential 10 million tons of liquid natural gas (LNG) over the next 20 years. Japan imports 60 million tons of LNG per year.
Mitsui has a 20% stake in this project, which also involves Mozambique’s oil and gas company ENH and US company Anadarko Petroleum Corporation.
The companies plan to start producing liquid natural gas in 2018, following negotiations with the Mozambican government, which are expected to begin in 2013.