Anadarko to reach Mozambique LNG FID on June 18

U.S. independent oil and gas producer Anadarko is expected to reach the final investment decision on its Mozambique LNG project on June 18, following a meeting with the president of the country Filipe Nyusi. 

It was also noted that all issues under negotiation between the government of Mozambique and Anadarko have been satisfactorily resolved, the company said.

“We expect June 18 will become a historic day in Mozambique as we announce that one of the most important and transformational projects in our country’s history is ready to advance to the next stage,” said Nyusi.

“With commitments for financing in place, off-take secured, and all other issues under negotiation successfully addressed, we are excited to take the next step with the expected announcement of a Final Investment Decision (FID) for the Mozambique LNG project on June 18,” added Anadarko’s chairman and CEO Al Walker.

So far, Anadarko signed deals for over 9.5 million tonnes a year (mtpa) on a delivered ex-ship (DES) basis out of a capacity of 12.88 mtpa.

Just this year, Anadarko signed LNG sale deals with PertaminaBharat Gas ResourcesShell International Trading Middle EastCNOOC Gas and Power Singapore Trading & MarketingTokyo Gas, and Centrica.

The company also signed Mozambique LNG supply deals with Tohoku Electric and Électricité de France (EDF) during 2018.

The company’s Mozambique LNG project is operated by Anadarko Mozambique Área 1, a unit of Anadarko Petroleum Corporation, with a 26.5-percent working interest.

Co-venturers include ENH Rovuma Área (15 percent), Mitsui E&P Mozambique Area1 (20 percent), ONGC Videsh (10 percent), Beas Rovuma Energy Mozambique (10 percent), BPRL Ventures Mozambique (10 percent), and PTTEP Mozambique Area 1 (8.5 percent).

Related news

List of related news articles