LNG

May 29 (LNG) – Long-standing LNG exporter Algeria has held talks with one of the newest LNG nations Mozambique on future cooperation. Mozambique’s Minister of Economy and Finance, Ernesto Max Tonela, met in Algiers with Algerian Energy Minister Mohamed Arkab and both countries have agreed to cooperate on natural gas exploration and production issues and on LNG markets.

   “Algeria offered to share its experience in terms of the natural gas sector in addition to the development of gas fields and the production and transportation of LNG,” said Arkab. “Algeria also wishes to provide support to Mozambique from state energy company Sonatrach through training in the hydrocarbon professions as well as the transfer of Sonatrach’s know-how in international energy trading markets,” the Algerian minister added.

Italian energy company Eni said it signed a contract in Mozambique to explore a new offshore block in the Northern Zambezi Basin after its successes in the Area 4 block of the Rovuma Basin from where it is currently developing onshore and floating liquefied natural gas projects.