The Mozambican cabinet has approved the terms and conditions for two port terminals that will support the liquefied natural gas (LNG) industry in Cabo Delgado province to the north of the country, APA learnt here on Wednesday.
According to local media reports, the decision was taken late on Tuesday at a cabinet meeting in the capital Maputo.
Cabinet spokesperson Ana Comoana said both terminals will be built in Palma district, the nearest point on the mainland to the offshore gas fields discovered in the Rovuma Basin, and they will be controlled by US firm Anadarko that operates Rovuma Basin Area One as well as Italian energy giant ENI, the operator of Rovuma Area Four
The official said one is the LNG Maritime Terminal and the other consists of the installations to be used to offload materials for the construction of the LNG plants.
Two new companies will be set up to operate the terminals, namely the Mozambique LNG Marine Terminal Company, and the Sociedade Mozambique.
“These two instruments are complementary and they seek to make operational a law that was approved in 2014.” she said.
More than US$30 billion is expected to be invested in Mozambique’s natural gas sector to build capacity to produce 20 million tonnes per year of LNG, with the first exports due to start in 2018.
Source: Hellenic Shipping News