E. Africa Seen as New Frontier for Gas

From Google News

JOHANNESBURG — East Africa has emerged as the new frontier for natural gas production, boosted by offshore discoveries in Mozambique, Tanzania and Madagascar, an Ernst & Young report said on Tuesday.

According to the audit firm’s report, “the most dynamic recent developments in the African natural gas sector have been in East Africa,” despite most of the major players coming from further north.

In the last five years, energy firms including Italy’s ENI and US group Anadarko Petroleum have reported several large-scale offshore gas finds in northern Mozambique’s Rovuma basin and Mamba fields.

Recoverable gas reserves in Rovuma is estimated at three trillion cubic meters, the report said.

Leading global oil groups are getting in on the act as discoveries in Madagascar and Kenya have upped the ante.

In Tanzania, BG Group, Ophir Energy, Statoil and ExxonMobil have all found “major gas deposits.”

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© 2013 Energy Tribune

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