Korea Gas Corporation (KOGAS) announced on Nov. 16 that the company is pushing ahead with a coast-to-coast piping construction project in Mozambique.
A KOGAS official said, “Based on the close relationship with the Mozambican government, which is emerging as a new energy-rich country, we are planning to carry forward the projects to build a liquefied natural gas plant in Mozambique’s North Area 4, and piping, which spans nearly 2,500 kilometers across the continent.”
The company invested a total of 42 billion won (US$35.83 million) in the natural gas piping EPC project in Maputo, the capital of Mozambique. It said that KOGAS is expecting to turn over 150 billion won (US$127.95 million) of profits in total when the company operates it for 20 years. Currently, the company is supplying natural gas of industrial uses to 14 plants in Maputo.
KOGAS President Lee Seung-hoon visited ENH, a state-owned oil company in Mozambique, on Nov. 12 and had a meeting with ENH CEO Omar Mithá.
During the talk, Lee stressed the roles of the Korean government and KOGAS in the African continent’s resources cooperation and technology exports. After the meeting, the two CEOs inspected the natural gas supply facility, which is jointly operated by KOGAS and ENH.
Source: Business Korea