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The project will also generate 1,400 jobs for Mozambicans, with the implementation of a succession plan to increase the qualifications and greater availability of Mozambican labour in the oil and gas sector.
Mozambique expects to earn USD 23 billion (€20.1 billion) over 30 years from the Coral Norte project, Eni’s second platform for the production of Liquefied Natural Gas (LNG) in the Rovuma basin.
The project approved this week by the government “also foresees the provision of natural gas to the domestic market in the proportion of 25% of the total gas to be produced, in accordance with national legislation, and 100% of condensate for energy generation”, allowing the “development of industrialisation projects in Mozambique”.
The project will also generate 1,400 jobs for Mozambicans, with the implementation of a succession plan to increase the qualifications and greater availability of Mozambican labour in the oil and gas sector.
The Mozambican government approved on Tuesday an investment of €6.6 billion for the Coral Norte LNG project, with a production forecast of 3.5 million tonnes per year (mtpa) and start-up in 2028.
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http://trendsnafrica.com/pmi-index-of-mozambique-improves-in-a-row-for-march/
The country’s vast gas reserves could make Mozambique one of the world’s ten largest producers, responsible for 20% of Africa’s production by 2040, the report said.
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