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Wednesday, 4 December 2013

NuEnergy pens onshore Gas deal with Mozambique

NuEnergy Gas signed an agreement in Mozambique with an unnamed party to exclusively explore for and develop coal-bed-methane (CBM). Activities will be undertaken in Tete province of Mozambique. The party was not disclosed due to the terms of the agreement.

NuEnergy has access to a specialised drilling rig for CBM which will be mobilised to Mozambique in 2014.

The company said that the onshore resource has options for supply to LNG plants and to inland gas-fired power stations capable of generating electricity for towns and villages. It could also be used for small CNG plants for compression and use as transportation fuel.

NuEnergy has consolidated its area of exploration in Eastern Africa to Mozambique, Malawi, and Tanzania with outstanding potential for unconventional gas discoveries in the region..