Mozambique and Tanzania to Cooperate On Hydrocarbons

AllAfrica |

The Mozambican government's National Petroleum Institute (INP) has signed a Memorandum of Understanding with the Tanzanian Petroleum Development Corporation (TPDC) to facilitate the development of the hydrocarbon industry.

The agreement aims to promote cooperation between the two institutions, especially in the exchange of technical data, reports and information on the exploration and production of hydrocarbons, and the management and organisation of the collection of data. It also paves the way for cooperation in joint projects, training courses, and the evaluation of resources.

Large reserves of natural gas have been discovered offshore along the border between the two countries in the Rovuma Basin.

On the Mozambique side two operators, ENI and Anadarko, have so far discovered over 150 trillion cubic feet of gas.

A huge liquefied natural gas (LNG) plant is to be built on land at Palma to process the gas from Anadarko's fields. Meanwhile, ENI is looking at building a floating gas liquefaction facility which would be moored off the coast of Palma.

Meanwhile, Anadarko has just begun drilling at the Tembo-1 well onshore in northern Mozambique and there are hopes that oil might be discovered.

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Symbol Name Price Change % Volume
FRHLF Freehold Royalties Ltd 9.91 0.13 1.38 6,202


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