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Articles Tagged "mozambique"
The US Geological Survey estimates that the coastal areas of Mozambique and Tanzania could hold more than 250 trillion cubic feet of gas. After decades of being overshadowed by other gas-rich areas, this Southern African nation is proving a rich hunting ground for natural gas exploration.
A brief overview of gas price developments, supply and demand and significant market movers.
Reuters reported that the coal boom in Mozambique holds opportunity for many but presents major challenges for the country.
Reuters reported that Clean Carbon Industries may build a coal-to-fuel plant in Mozambique to create more domestic energy supply.
Reuters reported that a coal rail line upgrade linking coal mines to the port of Beira should be finished in November 2012.
Eni S.p.A. (NYSE:E) announced that it has found a huge amount of natural gas at the Coral 1 exploration prospect, located offshore of Mozambique.
Bloomberg reported that Hwange Colliery Ltd. (LSE:HWA) is shipping 60,000 tons of coal to India via Mozambique.
East Africa is proving to be an enticing market opportunity for natural gas explorers hoping to take advantage of future market upswings.
Two more significant discoveries have reaffirmed the potential of offshore East Africa gas prospects, and have lured in the biggest name in LNG.