Mozambique’s President Filipe Nyusi on Tuesday said Omar Mitha, a former bank economist and deputy minister, will run Empresa Nacional de Hidrocarbonetos (ENH), reported Bloomberg
Mitha comes from Cabo Delgado, the same province as President Nyusi’s. Mitha was previously chief economist at Millennium Bim, Mozambique’s largest commercial bank.
According to Anadarko Petroleum Corp. Mozambique has enough gas to be the third-largest supplier of liquefied natural gas exporter (LNG) in the world. The Texas-based company estimates it has 100 tcf of gas in its concession area alone. ENH has a 15% stake in the Anadarko project.
According to Reuters Anadarko had already held talks with Japanese joint-venture vehicle Jera to sell it long-term supply from its Mozambique export scheme. Jera is planning to become the world’s biggest buyer of LNG.
Oil India also expects to receive its first LNG delivery from Mozambique by 2020.
“There is a delay of 7-8 months in LNG supplies from Mozambique, as their parliament only recently passed the law supporting development of (an) LNG hub,” said B. Roy, head of business development at Oil India Ltd.