river: see RuvumaRuvuma
, river, c.450 mi (724 km) long, rising in N Mozambique, near Lake Nyasa and flowing E to the Indian Ocean. It forms most of the Tanzania-Mozambique border. In its lower course it is navigable for small craft.
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Eni and Anadarko announce that, following the signing of the Unitization and Unit Operating Agreement (UUOA) and in full agreement with all the concessionaries of the projects, a unitization was set out for the development of natural gas reservoirs straddling Areas 4 and 1 in the Rovuma Basin, offshore Mozambique.
ENH) (15 percent), Mitsui E&P Mozambique Area 1 Limited (20 percent), Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.
The first two trains, each with production capacity of 6m tonnes a year, are to be supplied by gas from Area 1 in the Rovuma Basin, which is operated by Anadarko.
125 billion for a 16 per cent stake in Mozambique's offshore Rovuma Area 1, which holds as much as 75 Trillion cubic feet of gas reserves.
PTTEP chief executive officer Tevin Vongvanich said the company's investment plan for 2015 and 2016 on the further development of petroleum fields would involve LNG production in Rovuma offshore basin Area 1 in Mozambique.
SacOil and The Instituto de Gestao das Participagoes do Estado have signed a joint development agreement (JDA) to evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambique's Rovuma fields into South Africa, with off-takes to other neighboring Southern African development community countries.
Given its proximity to the extremely rich subsoil of the Rovuma basin, near the border with Tanzania, the port city has become a key outpost on the new gas frontier that stretches along the coast of East Africa.
Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique.
Banking investment was driven by three major agreements in the energy sector surrounding the discovery of giant offshore gas fields in the Rovuma Basin.
2bn purchase of a stake in Mozambique's Rovuma fields in July.
The recent discovery of large natural gas reserves off the Mozambican coast in the Rovuma Basin holds even more potential to transform the structure of the economy.