Reuters<\/a>.<\/p>\nIn Mozambique Anadarko announced it had signed\u00a0for two-thirds of the capacity of the first train of its planned liquefied natural gas project in Mozambique\u00a0in March this year as the country prepares itself to start production by 2018.<\/p>\n
Mozambique has to date discovered 150 trillion cubic feet of gas \u00a0prompting a need to liquefy and export the gas with\u00a0Anadarko estimating its offshore block Area 1 would be enough to feed a 50 million tonnes per annum LNG plant comprised of 10 LNG trains of 5 MMTPA capacity each.<\/p>\n
Tanzania on the other hand with an estimated 46.5 trillion cubic feet of natural gas reserves discovered estimates to start production by 2017 supplying markets in East and South Asia, Europe and Latin America, including Pakistan, China, Spain and Chile.<\/p>\n
In March this year, Tanzania Petroleum Development Corp\u2019s Acting Director of Exploration, Production and Technical Services Emma predicted that, by 2016, the country\u2019s natural gas reserves would reach 200 trillion cubic feet.<\/p>\n
Bischel cites various projects around the world that have hit a glitch including the development of the Israel flagship Leviathan gas project in the East Mediterranean where Australia\u2019s Woodside Petroleum pulled out of the agreement to take up a stake and in Australia where\u00a0Shell\u00a0exited the\u00a0Wheatstone LNG project.<\/p>\n
In other regions the director says the high cost of labor and complex will remain to be the biggest issue in the production of technology.<\/p>\n
‘Costs in the oil and gas sector are still on the rise and outpacing inflation, and gas projects are extremely price-sensitive because the margins are so thin,’\u00a0he adds.<\/p>\n
There is also a general feeling in the industry that gas prices will drop in the near term that has led to consumers mainly in Asia to sign shorter deals from the previous 20 year agreements.<\/p>\n
The director is however optimistic that various research projects ongoing all around the world to bring down LNG production costs could bear fruit even as more uses of gas are discovered driving up demand from the 250 MMTPA last year.<\/p>\n","protected":false},"excerpt":{"rendered":"
LNG production in Tanzania and Mozambique along the East African coast is likely to face delays despite huge finds due to high cost of production, difficulty in access to financing … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2],"tags":[202,530,545,671,891,1185,1400,1428,1529,1636,1696,2195,2466,2744],"class_list":["post-1183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-in-africa","tag-australia","tag-costs","tag-cyprus","tag-east-africa","tag-financing","tag-israel","tag-leviathan-gas-project","tag-lng","tag-mathias-bischel","tag-mozambique","tag-natural-gas","tag-royal-dutch-shell","tag-tanzania","tag-woodside-petroleum","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/anadarko.jpg?fit=400%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-j5","jetpack-related-posts":[{"id":695,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africa-the-newest-lng-frontier\/","url_meta":{"origin":1183,"position":0},"title":"East Africa: the newest LNG frontier","author":"Samuel Kamau Mbote","date":"March 12, 2014","format":false,"excerpt":"Story by LNG With extraordinary discoveries of natural gas in the Rovuma Basin, East Africa is emerging as a new LNG frontier. The International Energy Agency (IEA) estimates that Africa holds nearly 74 trillion m3\u00a0of technically recoverable natural gas reserves, nearly 10% of the world\u2019s total, and it is believed\u2026","rel":"","context":"In "News by others"","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9545,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-midstream-operators-withdraw-investment-plans-amid-covid-19-turmoil\/","url_meta":{"origin":1183,"position":1},"title":"African Midstream Operators Withdraw Investment Plans Amid COVID-19 Turmoil","author":"","date":"December 14, 2020","format":false,"excerpt":"The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand\u00a0has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also impacted the African midstream sector, forcing several major midstream oil and gas operators to revisit their strategies and reduce capital\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1343,"url":"https:\/\/www.oilnewskenya.com\/index.php\/lng-from-east-africa-how-the-odds-are-stacked\/","url_meta":{"origin":1183,"position":2},"title":"LNG from East Africa – how the odds are stacked","author":"Samuel Kamau Mbote","date":"July 1, 2014","format":false,"excerpt":"Story by\u00a0lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet\u00a0 (TCF) and Tanzania potentially as much as 50 TCF (Petroleum-Economist). But in a global economy\u00a0 where commodity prices, consumer demand and 'timing to market' are crucial, there is\u2026","rel":"","context":"In "News by others"","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/anadarko.jpg?fit=400%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":240,"url":"https:\/\/www.oilnewskenya.com\/index.php\/focus-on-liquified-natural-gas-lng-in-southern-and-eastern-africa-kpmg\/","url_meta":{"origin":1183,"position":3},"title":"Focus on Liquified Natural Gas (LNG) in Southern and Eastern Africa – KPMG","author":"Samuel Kamau Mbote","date":"December 13, 2013","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] LNG is a key component of the global energy supply mix and it is a core strategic focus area for global oil and gas companies. LNG is seen as a high growth market set to last for the next decade and beyond. East Africa and Mozambique are emerging\u2026","rel":"","context":"In "New Discoveries"","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/gasfield.jpg?fit=400%2C267&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7731,"url":"https:\/\/www.oilnewskenya.com\/index.php\/recent-fid-in-mozambique-lng-a-shared-cake-with-southern-and-east-african-economies\/","url_meta":{"origin":1183,"position":4},"title":"Recent FID in Mozambique LNG a shared cake with Southern and East African Economies","author":"","date":"July 8, 2019","format":false,"excerpt":"By John Chacha Jr The 2nd Quarter of 2019 came with a number of developments in Africa. The major one being the $ 20 Billion FID on Mozambique\u2019s LNG, the largest single LNG project approved in the continent.Occidental Petroleum Corporation whose massive offer to acquire Anardako hit the Oil &\u2026","rel":"","context":"In \"Anadarko\"","block_context":{"text":"Anadarko","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/anadarko\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":998,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eaton-sees-4-billion-opportunity-in-tanzania-and-mozambique\/","url_meta":{"origin":1183,"position":5},"title":"Eaton sees $4 billion opportunity in Tanzania’s and Mozambique’s LNG facilities","author":"Samuel Kamau Mbote","date":"May 8, 2014","format":false,"excerpt":"Power management company Eaton has said there is a opportunity for companies offering electrical solutions for oil and gas to make over $4 billion in the next decade from the construction of LNG facilities in Tanzania and Mozambique. Speaking at the sidelines of the Eaton Tech Day in Nairobi director\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/cam00775.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/cam00775.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/cam00775.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/cam00775.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/cam00775.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=1183"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1183\/revisions"}],"predecessor-version":[{"id":3702,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1183\/revisions\/3702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/801"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}