From Mining Review

Exploration for the natural gas found in the Rovuma basin off northern Mozambique may bring in annual revenues of over US$10 billion, according to the country’s mining resources minister Esperança Bias.

The minister noted that so far over 75 trillion cubic feet of gas had been siscovered in Area 4 and another 95 trillion cubic feet in Area 1, and added that a plan was being drawn up for its extraction and processing, reports Macauhub News Agency.

According to the minister, who was speaking here at the opening session of the Coordinating Council for her ministry, the four natural gas processing units, which would have a combined capacity of 20 million tonnes, would provide annual revenues of over US$10 billion.

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