Mozambique expects Eni decision on LNG investment this year
11/2/2016 9:25:15 AM
(Reuters) Italy's Eni should make a final investment decision on its first offshore deep-water LNG project in Mozambique by the end of this year, Energy Minister Lleticia da Silva Klemens said on Wednesday.
US company Anadarko is expected to make its own investment decision on a separate LNG project next year, da Silva Klemens said.
Mozambique has some 85 Tcf of gas reserve, enough to supply Germany, Britain, France and Italy for nearly two decades. It is likely to take at least five years after final investment decisions before gas production begins.
Reporting by Joe Brock; Editing by Jane Merriman
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