Rosneft Eyes Mozambique Gas Sector

Rosneft has shown interest in developing natural gas projects in Mozambique.

The issue, along with wide range of other topics, was discussed between Rosneft President, Chairman of the Management Board Igor Sechin and Minister for Foreign Affairs of the Republic of Mozambique Oldemiro Julio Marques Baloi in Moscow on Tuesday.

The East African natural has seen major gas fiends mainly offshore in recent years. Estimates suggest country’s proved reserves as of the beginning of 2014 stood at 1.03 trillion cubic meters.

The key gas potential of the country is concentrated in the Rovuma basin, which resources are estimated at 2.2 trillion cubic meters, and in the basins of the Mozambique river.

Current production in the country is carried out at two fields in the south of Mozambique, the Pande field and the Temane field. The production volume is 4 billion cubic meters per annum.