Anadarko allocates $200m for Mozambique LNG
US independent Anadarko Petroleum aims to spend about $200 million on its planned Mozambique liquefied natural gas (LNG) export project in 2019 as it is looking to make a final investment decision.
Anadarko said on Thursday revealing the company’s 2019 capital investment that the investment will be allocated toward Anadarko’s portion of the costs associated with ongoing site preparation for the shared Mozambique LNG onshore facilities.
Anadarko said it remains on track for the project’s FID consideration in the first half of next year, adding that it plans to adjust its capital-investment expectations associated with the Mozambique LNG project at the time of project sanction.
Anadarko and its partners have discovered more than 75 Tcf of natural gas resources in the Prosperidade and Golfinho/Atum complexes in Mozambique’s Offshore Area 1, which will be used to feed an onshore LNG terminal on the Afungi peninsula in Cabo Delgado province.
The discovered reserves in Mozambique are sufficient to support two initial LNG trains, as well as to accommodate expansions, including additional trains capable of producing about 50 mtpa, according to Anadarko.
Besides Anadarko, partners in the Mozambique LNG project are Empresa Nacional de Hidrocarbonetos (ENH), Mitsui E&P Mozambique Area1, ONGC Videsh, Bharat PetroResources, PTT Exploration & Production and Oil India.