Mozambique’s potential gas bonanza


Mozambique, one of Africa’s poorest countries, could emerge as one of the world’s top liquefied natural gas (LNG) exporters and see its economy grow 10-fold over the next two decades
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ZAMBIA
ZIMBABWE
SOUTH AFRICA

TANZANIA
MALAWI
MOZAMBIQUE

Rovuma Basin
Palma
Beira
Maputo

INDIAN OCEAN

200km
125 miles

Exploration blocks – bids accepted until January 20, 2015

Rovuma Basin: Texas-based Anadarko and Italy’s Eni have found around 200 trillion cubic feet of gas

Palma: Plans for $30 billion “City of Gas” to house 250,000 people and giant LNG plant. Initial exports of 5 million tonnes from 2018. Total capacity of 20m tonnes

Proven natural gas reserves
(trillion cu ft, % of world total)

1. Russia 1,688  24.2%
2. Iran 1,187  17.0%
3. Qatar 890  12.7%
4. United States 308 4.4%
5. Saudi Arabia 288 4.1%
6. UAE 215 3.1%
7. Venezuela 195 2.8%

Mozambique could hold 3% of world’s total reserves

Sources: U.S. Energy Information Administration, Standard Bank Group Ltd.