Eni LNG Seal Raises Hopes of Mozambique Gas Boom

Italian energy company Eni signed a deal on Thursday to develop a huge gas field offshore Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia.

 

The Coral South field, discovered in May 2012, is within Area 4 of the Rovuma Basin and contains approximately 450 billion cubic meters (16 TCF) of gas in place.


(Reporting by Manuel Mucari; Writing by Nqobile Dludla; Editing by Edmund Blair)