Mozambique establishes oil and mining authority

Having been in the spotlight for its discoveries of natural gas reserves, which are estimated to hold over 100 trillion cubic feet (tcf), Mozambique has established a new oil and mining authority.

Speaking to the announcement made on Tuesday, the cabinet’s spokesperson, Ana Comoana said the authority would ensure “the permanent and efficient monitoring of activities in compliance with the law,” adding that through the authority, the government is aiming to halt illegal extraction, trade and export of oil and mining products.

According to reports, the Inspectorate-General of Mineral Resources and Energy will have administrative and technical autonomy and focus on mining inspection, hydrocarbon and fuel, energy, internal audit and rescue.

Through its two liquefied natural gas (LNG) projects, Mozambique is expected to emerge as one of the world’s top ten largest LNG producers.