Jump to navigation

Vol 39 No 6

Published 20th March 1998


Mozambique

Talking gas

The prospect of gas, and of customers for it, has sparked a wave of exploration in Mozambique and helped boost two planned industrial corridors - from Beira along the old railway and oil pipeline to the Zimbabwe border, and from Maputo southwards to South Africa. British Petroleum has signed a production-sharing agreement to cover 40,000 square kilometres of seabed in the Zambezi basin north of Beira - with gas the target, we hear. South African mining house JCI has proposed a gas-fed direct- reduction iron (DRI) plant at Beira port, which has already been declared a free-trade zone. JCI told potential investors that its plant would export 2.5 million tonnes a year of hot-briquetted iron to the Far East, claiming to have contracts for 1.5 mn. tonnes a year. But punters may wait to see how Asian demand holds up through the present crisis.

End of preview - This article contains approximately 336 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.