East Africa is proving to be an enticing market opportunity for natural gas explorers hoping to take advantage of future market upswings.
Articles Tagged "Statoil ASA"
Two more significant discoveries have reaffirmed the potential of offshore East Africa gas prospects, and have lured in the biggest name in LNG.
Recent finds by Eni and Anadarko confirm Mozambique as an up and coming offshore gas hotspot
China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.