Anadarko signs off with Mozambique LNG FID
Mozambique’s long-awaited giant LNG project is now set for completion
Anadarko's positive final investment decision on the $20bn-plus Area 1 Mozambique LNG project is a significant achievement for a development that has faced numerous challenges over the last decade. The project, which is based on gas from Area 1 in the Rovuma Basin, is one the largest investments in Africa. It will be the country's first onshore LNG development, initially comprising two trains on the Afungi peninsula in northern Mozambique with a total capacity of 12.88m tonnes per year (t/y). First gas is expected in 2023. The last of 11.1m t/y of LNG sales agreements—mainly to take exports to Asia—were tied up earlier this year by the Anadarko-led consortium. Others in the group include Moz
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
