Under the terms of the deal, the other party could not be disclosed.
NuEnergy said on Thursday it would have the first option to explore for CBM in the Tete Province region in the north-west of Mozambique, as well as evaluate other prospective regions for unconventional gas.
The Tete Province is said to be the fifth largest coking coal reserve in the world and the region has attracted major coal producers including Rio Tinto and Vale.
The
