KOGAS Strikes Gas Offshore Mozambique

Korea Gas Corp. (KOGAS) has discovered a large natural gas well off the coast of Mozambique, the government has announced.

"If three earlier discoveries in the same gas block are tallied, the size of gas reserves could reach upwards to 52 Tcf of gas, equivalent to 1.17 million tons of the fossil fuel resource," the ministry of knowledge said. 

The ministry has said that KOGAS is entitled to a maximum 117 million tons of gas.

The ministry said KOGAS in cooperation with other partners plan to conduct further exploration of the Area 4 sector, which could lead to additional gas deposit discoveries.