Italy’s Eni should make a final investment decision on its first offshore deepwater LNG project in Mozambique by the end of this year, Energy Minister Leticia da Silva Klemens said on Nov. 2, together with Anadarko Petroleum Corp., which is expected to make its own investment decision on a separate LNG project next year, da Silva Klemens said.
Mozambique has about 85 trillion cubic feet of gas reserves – enough to supply Germany, Britain, France and Italy for nearly two decades. The next step, i.e. starting any physical project, will take at least five years.
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