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
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
