Qatar Petroleum reportedly trying to expand its presence in Mozambique

Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said.
State-controlled Eni is looking to reduce a 50 percent stake in its giant Mozambique gas acreage as part of plans to sell 5 billion euros of assets over the next two years.
Last month sources told Reuters Exxon had reached a deal that could give it an operating stake in the onshore liquefied natural gas (LNG) export plant, while leaving Eni in control of the Area 4 gas fields feeding it, where some sources said that Qatar Petroleum is trying to get a stake as well.
Located in Mozambique’s Rovuma Basin, Eni’s Area 4 is one of the biggest discoveries of recent times, holding about 85 trillion cubic feet of gas.
In 2013 Eni sold 20 percent of Area 4 to China’s CNPC for $4.2 billion but since then oil and gas prices have dropped by more than half.