THE GOVERNMENT and Anadarko reached an agreement for the supply of natural gas for domestic use,from its LNG project in the country.
This was announced yesterday in Houston,USA, by the North American oil company. Under the MoU, the Off shore Area 1 will provide, by train, (100 MMcf / d), initial volumes of approximately 50 million cubic feet of natural gas per day for domestic use in Moza.
Natural gas will be supplied at fair prices for all parties to support the local development of natural gas and utilities are prepared to sell up to 300 MMcf / d of additional volumes in the domestic market in the coming years,so mature projects and commercial terms are agreed.
"The signing of this memorandum is an important step," said executive vice president of Anadarko,Mitch Ingram.
"We look forward to continue working with the Government of Mozambique to finalize the contractual-legal framework,which will enable us to supply natural gas for domestic projects and Liquified Natural Gas shipments for export,both of which will bring benefits to Mozambique, with the exploration of this reliable source of cleaner energy and significant revenue generation''.
This agreement is considered a clear sign of the effort and commitment of the Mozambican government in making this resource (natural gas) serve Mozambicans and, above all, contribute to boost the domestic industry and other sectors.
It is believed that with this announcement the shock situation that has been undermining our economy will take favorable outlines the Government and may even influence the rating agencies and normalize the exchange rate fluctuation.
The Anardak announcement was also welcomed by some North American press and confirms that Mozambique remains a preferred destination for foreign direct investment.
On the other hand, Anadarko and Italy's Eni East Africa also signed yesterday an agreement for joint development of liquefied natural gas to be produced in the Rovuma basin in the northern province of Cabo Delgado.
According to a press realease, Anadarko and ENI signed a "Unit Agreement and Unit Operation (UUOA- acronym in English), for the development of massive natural gas resources that lie in the two blocks.
"We appreciate the cooperation of the Government of Mozambique,Eni and our co-venturers in the Offshore Area 1, for their collaborative efforts to implement this UUOA, which is fair, equitable and consistent with industry best practices, "said Mitch Ingram.
This was announced yesterday in Houston,USA, by the North American oil company. Under the MoU, the Off shore Area 1 will provide, by train, (100 MMcf / d), initial volumes of approximately 50 million cubic feet of natural gas per day for domestic use in Moza.
Natural gas will be supplied at fair prices for all parties to support the local development of natural gas and utilities are prepared to sell up to 300 MMcf / d of additional volumes in the domestic market in the coming years,so mature projects and commercial terms are agreed.
"The signing of this memorandum is an important step," said executive vice president of Anadarko,Mitch Ingram.
"We look forward to continue working with the Government of Mozambique to finalize the contractual-legal framework,which will enable us to supply natural gas for domestic projects and Liquified Natural Gas shipments for export,both of which will bring benefits to Mozambique, with the exploration of this reliable source of cleaner energy and significant revenue generation''.
This agreement is considered a clear sign of the effort and commitment of the Mozambican government in making this resource (natural gas) serve Mozambicans and, above all, contribute to boost the domestic industry and other sectors.
It is believed that with this announcement the shock situation that has been undermining our economy will take favorable outlines the Government and may even influence the rating agencies and normalize the exchange rate fluctuation.
The Anardak announcement was also welcomed by some North American press and confirms that Mozambique remains a preferred destination for foreign direct investment.
On the other hand, Anadarko and Italy's Eni East Africa also signed yesterday an agreement for joint development of liquefied natural gas to be produced in the Rovuma basin in the northern province of Cabo Delgado.
According to a press realease, Anadarko and ENI signed a "Unit Agreement and Unit Operation (UUOA- acronym in English), for the development of massive natural gas resources that lie in the two blocks.
"We appreciate the cooperation of the Government of Mozambique,Eni and our co-venturers in the Offshore Area 1, for their collaborative efforts to implement this UUOA, which is fair, equitable and consistent with industry best practices, "said Mitch Ingram.
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