Niall Kramer, said South Africa – coupled with last year’s discovery of an estimated 1 billion boe in natural gas 175km off our southern Cape coast – was potentially “the biggest economic catalyst since mining”.
Mozambique’s Rovuma basin holds the biggest natural gas discoveries in recent history with the basin estimated to hold about 32 billion barrels of equivalent , enough to supply Europe’s gas needs for a decade.
Aside from using gas for base load electricity supply combined with renewable energy, and for industrial and domestic use, there was also value in the value chain which included agriculture , roads, import terminals, and civil engineering. However, Mozambique is to get about 61.5m boe per annum by 2028 , so will be in a position to supply small scale energy to the region.
Mozambique was engaged in two mega LNG projects which would extract, liquefy and ship gas tapped offshore.
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