South Korea's state-run Korea Gas Corp. (KOGAS) said Wednesday it has found an additional reserve of natural gas in waters off Africa's Mozambique. The latest discovery was made at the Area 4 offshore well of Mozambique, in which KOGAS has a 10 percent stake. The newly discovered reservoir is estimated to hold 7.5 trillion cubic feet (Tcf) or about 170 million tons of natural gas. With the earlier discovery of 510 million tons, future production at the Mozambique well will yield about 68 million tons for South Korea, which is enough to supply the country's total consumption for nearly two years, according to KOGAS.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrelMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor