Anadarko announces $20bn LNG Mozambique Project
Image: The Mozambique Resources Post
Energy firm Anadarko Petroleum Corporation on Tuesday confirmed a $20 billion investment for the construction of a Liquified Natural Gas (LNG) plant in Mozambique’s Offshore Area 1 – Anadarko’s biggest foreign investment deal in Africa to date.
The Anadarko-led Area 1 Mozambique liquefaction and export terminal project is expected to have a significant domestic gas component for in-country consumption to help fuel future economic development.
“[The] sanctioning of the Anadarko-led Area 1 Mozambique LNG project solidifies a path toward the creation of thousands of jobs for our people, significant economic growth for our nation, and the potential to be one of the world’s largest providers of cleaner energy for decades to come. It is truly one of the most important and transformational projects in our country’s history,” said Mozambican President Filipe Nyusi.
The project – which is set to be the country’s first onshore LNG development – will primarily comprise two LNG trains, with a nameplate capacity of 12.88 million tons per year, in a bid to support the development of the Golfinho/Atum fields located in Offshore Area 1.
“This…brings us a step closer to making Mozambique’s first onshore LNG facility a reality,” Anadarko Chairman and CEO, Al Walker stated.
Under the terms of the previously executed engineering, construction, procurement, Notices to Proceed will be issued shortly, together with installation contracts and financial finalization.