Petroleum Africa
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Friday, July 4, 2014
Mozambique has signed another agreement that could lead to the monetization of the natural gas reserves discovered off its coast. State-run oil firm ENH, Sasol Ltd., and ENI have agreed to conduct a joint pre-feasibility study for a large-scale GTL plant. The study will assess the viability and benefits of such a plant to the region.
Sasol’s in-country experience, an extensive market distribution footprint in the region, and proven GTL expertise, place the company in a strong position to develop the country’s first GTL facility, depending on the results of the study.
ENI is operator of Area 4 in the Rovuma Basin, which is estimated to hold up to 85 Tcf of gas.
“The proposed GTL facility firmly aligns with Mozambique’s Gas Master Plan goals, and, if successful, will go some way to accelerate socio-economic development in the country and the broader region. Our GTL aspirations highlight our commitment to partnering with the Mozambican government and ENI in the responsible development of the country’s natural resources,” David Constable, CEO of Sasol Ltd. said.
This is not the first agreement that ENH has signed that revolves around the development of GTL in Mozambique as the state-run oil firm just recently signed an MoU with Shell regarding GTL.
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