Deals
Poorest Nations Host Biggest Gas Finds in Sign of Deals: Energy
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One of the world’s poorest regions is also home to the biggest natural-gas discoveries in a decade, luring investors from steel billionaire Lakshmi Mittal to Royal Dutch Shell Plc.
Eni SpA and Anadarko Petroleum Corp. found about $800 billion of gas under the Indian Ocean off Mozambique, 36 times more valuable than the nation’s economy, ranked 213 of 227 countries for per capita income. Explorers in neighboring Tanzania have struck gas fields, and drilling will pick up pace in Kenya this year.