SouthAfrica.info<\/a> (Johannesburg)<\/p>\n30 November 2011<\/p>\n
Italian and US companies have announced the discovery of massive natural gas fields off Mozambique in the last month, promising huge long-term benefits for Mozambique, and potentially significant spin-off benefits for neighbouring South Africa.<\/p>\n
US-based Anadarko Petroleum said on Monday that natural gas reserves in its Mozambican fields could be three times larger than earlier estimated, at up to 30-trillion cubic feet.<\/p>\n
The latest drilling activities revealed new finds “significantly expanding the estimated recoverable resource range to 15- to 30-plus trillion cubic feet of natural gas,” the company said in a statement on Monday.<\/p>\n
The discovery is one of the most important natural gas fields discovered in the last 10 years, with long-term benefits for Mozambique, Anadarko chief executive Jim Hackett said.<\/p>\n
South Africa stands to benefit from the discovery, Business Report said in an article on Tuesday, with Cape Chamber of Commerce president Michael Bagraim telling the paper that a complete rethink of South Africa’s energy and electricity plans was called for in light of the massive new natural gas discoveries.<\/p>\n
Focus of exploration boom<\/strong><\/p>\nThis was the third appraisal by Houston-based Anadarko since August.<\/p>\n
The company’s announcement came a month after Italian energy giant ENI announced the discovery of off-shore natural gas deposits in Mozambique to the tune of 22-trillion cubic feet – the largest find in the company’s history.<\/p>\n
Mozambique lies at the southern tip of a fault line running along the east African coast to Somalia, forming a geologically inviting region for natural gas that has become the focus of an exploration boom in recent years.<\/p>\n
The finds by the two companies have the potential to launch impoverished Mozambique into the top tier of African gas exporters.<\/p>\n
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See the original post:South Africa: Country Could Benefit From Huge Mozambique Gas Find<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" SouthAfrica.info (Johannesburg) 30 November 2011 Italian and US companies have announced the discovery of massive natural gas fields off Mozambique in the last month, promising huge long-term benefits for Mozambique, and potentially significant spin-off benefits for neighbouring South Africa. US-based Anadarko Petroleum said on Monday that natural gas reserves in its Mozambican fields could be three times larger than earlier estimated, at up to 30-trillion cubic feet. The latest drilling activities revealed new finds “significantly expanding the estimated recoverable resource range to 15- to 30-plus trillion cubic feet of natural gas,” the company said in a statement on Monday<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3021","post","type-post","status-publish","format-standard"],"yoast_head":"\n
South Africa: Country Could Benefit From Huge Mozambique Gas Find - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"South Africa: Country Could Benefit From Huge Mozambique Gas Find - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"SouthAfrica.info (Johannesburg) 30 November 2011 Italian and US companies have announced the discovery of massive natural gas fields off Mozambique in the last month, promising huge long-term benefits for Mozambique, and potentially significant spin-off benefits for neighbouring South Africa. US-based Anadarko Petroleum said on Monday that natural gas reserves in its Mozambican fields could be three times larger than earlier estimated, at up to 30-trillion cubic feet. The latest drilling activities revealed new finds "significantly expanding the estimated recoverable resource range to 15- to 30-plus trillion cubic feet of natural gas," the company said in a statement on Monday\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"South Africa: Country Could Benefit From Huge Mozambique Gas Find\",\"datePublished\":\"2011-11-30T12:39:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/\"},\"wordCount\":321,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/\",\"name\":\"South Africa: Country Could Benefit From Huge Mozambique Gas Find - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-11-30T12:39:53+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"South Africa: Country Could Benefit From Huge Mozambique Gas Find - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/11\/30\/south-africa-country-could-benefit-from-huge-mozambique-gas-find\/","twitter_card":"summary_large_image","twitter_title":"South Africa: Country Could Benefit From Huge Mozambique Gas Find - Ghanamma.com","twitter_description":"SouthAfrica.info (Johannesburg) 30 November 2011 Italian and US companies have announced the discovery of massive natural gas fields off Mozambique in the last month, promising huge long-term benefits for Mozambique, and potentially significant spin-off benefits for neighbouring South Africa. US-based Anadarko Petroleum said on Monday that natural gas reserves in its Mozambican fields could be three times larger than earlier estimated, at up to 30-trillion cubic feet. 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