Mozambique will need to drop the price of the gas it offers to downstream project developers if it wants to move forward with developing a domestic gas industry, two sources working on the projects have told Interfax Natural Gas Daily.
Mozambique’s domestic gas tender offered bidders up to 11.3 million cubic metres per day (MMcm/d) of gas, with the initial 2.8 MMcm/d priced at $2.64/MMBtu. The price for the remaining volumes has yet to be negotiated, but analysts assume it will be higher.
Following six months...
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