By Robert Sullivan - Exclusive to Gas Investing News A series of significant recent discoveries off the coast of Mozambique are beginning to transform the East African nation into something of a hotspot for gas exploration. Eni S.p.A (NYSE: E) announced a “giant natural gas discovery” at their Mamba South 1 prospect in the Area 4 block on Thursday last week, which according to the initial estimates could hold as much as 15 trillion cubic feet (tcf) of reserves. The find is the largest operated discovery in the company's exploration history. Eni has a 70 percent operated interest in the Area 4 block, while partners Galp Energia SGPS S.A. (ELI: GALP), Korea Gas Corp. (SEO: 036460), and state-owned ENH of Mozambique each hold a 10 percent stake. Speaking to the Financial Times on Thursday, Eni CEO Paolo Scaroni indicated that the company would proceed to develop the field, located 40 kilometres off the Cabo Delgado coast in 1585 metres of water, with first production possible as early as 2016. Scaroni added that the scale of Eni's find could justify the construction of up to three LNG plants in Mozambique, which would likely send a majority of supply onwards to Asian markets. “Mozambique is very well placed to serve the Pacific market - India, China, Thailand - which is the region where consumption of gas is growing most rapidly and prices are highest.” Anadarko upgrades estimates of its Mozambique reserves Eni's discovery follows an announcement from Anadarko Petroleum Corp. (NYSE: APC) on October 5 revealing that the Houston-based independent had upped its estimate of the company's offshore Mozambique gas reserves. “The results of our activity to date provide high confidence that the Windjammer, Barquentine, Lagosta and Camarao complex holds at least 10 tcf of recoverable natural gas resources,” stated Senior Vice President of World Exploration Bob Daniels in an Anadarko press release. Anadarko's four finds are in the Area 1 block, which lies between Eni's Area 4 block and the coast. Anadarko holds a 36.5 percent interest in Area 1 and is the operator, with the remaining stakes held by ENH, Mitsui & Co. Ltd. (TYO: 8031), Bharat Petroleum Corp. (BOM: 500547), Cove Energy PLC (LON: COV), and Indian conglomerate Videocon Industries Ltd. (BOM: 511389). Like Eni, Anadarko's discoveries have also prompted discussion over the construction of LNG terminals in Mozambique, which would be a first for both the country and Eastern Africa and put Mozambique squarely on the regional gas map.