MOZAMBIQUE’s long-delayed offshore gas project with Italy’s Eni could be approved within months, sources close to the deal said, sparking investments with the potential to transform one of the world’s poorest countries into a major energy player.Mozambique made one of the world’s biggest gas finds in a decade in 2010, but negotiations with Eni and US firm Anadarko have dragged on for years due to disputes over terms and concerns about falling energy prices.But Eni had in recent weeks struck deals with contractors and Mozambique’s government that could help it to make a final investment decision on October 31, industry sources said.The company’s Mozambique concession is split between two huge gas fields called Coral and Mamba.Reserves in Mozambique’s Rovuma Basin amount to about 85-trillion cubic feet — enough to supply Germany, Britain, France and Italy for nearly two decades. It is likely to take at least five years after the investment decision before gas production begins.Samsung...
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