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    Bloomberg: Mozambique Seeks Pipeline Study for Decade’s Biggest Gas Finds

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Summary

Mozambique said it seeks consultants to study building a pipeline that will link the largest natural-gas discoveries in a decade to destinations within its borders and in neighboring African nations.

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Asia/Oceania

Bloomberg: Mozambique Seeks Pipeline Study for Decade’s Biggest Gas Finds

Mozambique said it seeks consultants to study building a pipeline that will link the largest natural-gas discoveries in a decade to destinations within its borders and in neighboring African nations.

The government will pay for work on the conduit’s prefeasibility study with financing from the World Bank, the Mineral Resources Ministry said in a statement published in Noticias newspaper today. The plan needs to assess the potential market for natural gas in Mozambique and other nations in southern Africa, “including island countries,” it said.

The line will start in Palma, a town in the far north that’s nearest to offshore gas discoveries in the Rovuma Basin that may make Mozambique the world’s third-largest exporter of liquefied natural gas, according to Anadarko Petroleum Corp. (APC), which holds rights to exploit some of the reserves.

The government adopted in June a gas master plan that provides for a pipeline network that it hopes will run the country’s length and supply projects that may use the fuel to make fertilizer and generate power, creating jobs in one of the world’s poorest nations. MORE