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Macao magazine

Japanese company Osaka gas interested in natural gas in Mozambique

The Osaka Gas Co., Japan’s second largest supplier of domestic gas, has identified Mozambique as one of the regions where it plans to invest, a company official said Thursday cited by financial news agency Reuters.

Takayuki Tasaka, associate director and director general of the business strategy division, said that the company was analysing not only Mozambique, but other regions, and was also partnering Tokyo Gas to buy liquid natural gas from Mozambique.

Discoveries of natural gas announced so far in Mozambique total 150 trillion cubic feet, which is enough to supply Japan for 35 years. In 2012 Japan imported 87.3 million tons of gas.

Japanese group Mitsui & Co, which has a 20 percent stake in the Area 1 block operated by US group Anadarko Petroleum, has announced plans to sell at least 5 million tons of liquid natural gas from Mozambique to Japanese customers. (macauhub)

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