Africa's new gas frontier

摘要

MOZAMBIQUE IS TO increase the maximum stake it holds in future oil or gas blocks from the current twenty-five per cent to forty per cent in a bid to keep a greater share of profits in the country. Recent major discoveries by US oil and gas giant Anadarko and Italy's Eni have increased interest in the country as a major global gas producer. "The plan is to go up to 40 per cent in all future projects, to improve state control of the companies and get more income for the country," Nelson Ocuane, chairman of state-owned oil company Empresa Nacional de Hidrocarbonetos (ENH), said in the capital, Maputo, recently. 'It will be possible to do it as we get income from the projects in which we are participating at the moment,' he added. ENH currently holds a 25 per cent stake in the Pande/Temane onshore field operated by South African petrochemical group Sasol and a 10 per cent stake valid for the exploration phase run by consortia operated by Anadarko, Eni and Norway's Statoil.