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MOZAMBIQUE and Anadarko Petroleum are racing to tap gas from one of the biggest discoveries in decades, as a global glut looms.After making its initial discovery six years ago in the Rovuma basin off, Mozambique’s northern coast, Anadarko has yet to make a final investment decision on a $15bn liquefied natural gas project.That decision might come this year, as competition from US and Iranian supplies intensified in export markets, said state-owned partner Empresa Nacional de Hidrocarbonetos (ENH)."Unless we speed the process, we could lose the opportunity," ENH chairman Omar Mitha said. The former deputy minister of trade and industry said ENH was in discussions with the government about it being time "to get ready with all the contracts, the legal framework (and) the resettlement process".With the International Monetary Fund projecting liquefied natural gas investment of more than $100bn in Mozambique and the possibility of supplying gas to the domestic market, the discoveries have...
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