More gas found off Moz coast

Business Report 5 December 2012.

Maputo –

Italian energy company ENI announced on Wednesday new gas finds off the eastern coast of Mozambique – the third this year – entrenching the country’s position as an emerging gas power.

“The new discoveries add six trillion cubic feet (tcf) of gas… to Area 4, confirming at least 68 tcf (1.9 trillion cubic metres) of gas already discovered,” ENI said in a statement.

The total deposit is roughly equal to global production for two years, or the known reserves of Kuwait…

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