MILAN, Italy, Dec. 21 (UPI) -- Italian energy company Eni announced it signed a deal with Anadarko to develop common natural gas reserves offshore Mozambique and LNG options.
"The Heads of Agreement will facilitate a development program whereby Eni and Anadarko will conduct separate yet coordinated offshore activities," the Italian company said in a statement.
Anadarko said the companies would work on the construction of liquefied natural gas facilities in northern Mozambique. Anadarko Chief Executive Officer Al Walker said first LNG cargoes were expected from Mozambique by 2018.
Anadarko, which has headquarters in Houston, said two natural gas complexes discovered offshore Mozambique hold a combined average of around 25 trillion cubic feet of recoverable reserves.
Eni Chief Executive Officer Paolo Scaroni discussed LNG exports with Mozambique President Armando Guebuza last week. Eni this year announced major natural discoveries offshore Mozambique. The May discovery of at least 7 trillion cubic feet of gas was considered by Eni one of its largest ever.
|Additional Energy Resources Stories|
BRUSSELS, May 22 (UPI) --The European Union will carefully weigh the risks of shale gas development this year but also needs to stem high energy prices, the EU's energy chief says.
SANTIAGO, Chile, May 21 (UPI) --More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.