(3 Minutes Read)
The former Portuguese colony of 30 million people in southeast Africa is one of the world’s poorest countries despite having large natural resources, especially gas. It has faced insurgencies from Islamist groups for much of the past decade
Mozambique has set high hopes on vast natural gas deposits – the largest found south of the Sahara – that were discovered in the Muslim-majority northern province in 2010.
The former Portuguese colony of 30 million people in southeast Africa is one of the world’s poorest countries despite having large natural resources, especially gas. It has faced insurgencies from Islamist groups for much of the past decade.
According to the Oil & Gas Journal, Mozambique holds 100 trillion cubic feet (Tcf) of proven natural gas reserves and is the third-largest holder of proven natural gas reserves in Africa after Nigeria and Algeria. Mozambique produced 212 billion cubic feet (Bcf) and exported 148 Bcf of natural gas in 2018.
Read Also:
https://trendsnafrica.com/valuation-of-mozambiques-gold-valuation-goes-up/
https://trendsnafrica.com/valuation-of-mozambiques-gold-valuation-goes-up/
The top Oil and gas companies in Mozambique are AMEPETROL. Champlain Group Mozambique LDA. ENHL-BONATTI, LDA, EXOR PETROLEUM LDA. FCR Oil. GRUPO VIDERE, HURETEK Oil & Gas Services. INTERAFCON. MOZ GAS SANMARG LDA, Mitra Energy. MozaTech-Energies. Mozambique Energy Intelligence and ROYAL ALBRI INVESTIMENTOS LIMITADA. VHF Mozambique.
