Anadarko reaches FID in Mozambique LNG export project
Image: Wikimedia Commons
U.S. major, Anadarko Petroleum Corporation, announced on Tuesday that it had reached FID in Mozambique’s Offshore Area 1.
As the country’s first onshore LNG unit – and one of the largest greenfield LNG facilities to reach FID – the $20 billion project will consist of two LNG trains with a capacity of 12.88 million tons per annum (mmtpa) which will support the development of the Golfinho/Atum fields located in Offshore Area 1.
“The project has successfully secured in aggregate 11.1 MTPA of long-term LNG sales (representing 86 percent of the plate capacity) with key LNG buyers in Asia and in Europe. Additionally, the project is expected to have a significant domestic gas component for in-country consumption to help fuel future economic development,” the company said.
With the country’s annual gross domestic product currently sitting at $13 billion, the project is expected contribute immensely to the country’s economy, creating over 5,000 direct and 4,500 indirect jobs.
The firm made the announcement during an official FID declaration event in Maputo.
Attending the event, H.E President Filipe Nyusi said the 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,” adding that the project is one of the most important and transformational projects in the country’s history.
Anadarko is set to be taken over by Occidental Petroleum following a bidding war with oil major, Chevron, which resulted in Occidental making an offer of $57 billion for Anadarko. The deal is set to reach close by 2020.
Other partners on the project are ENH; Mitsui; Thailand’s PPT and Indian energy companies ONGC, Bharat Petroleum Resources and Oil India.
February 14, 2020Lawyers On Demand: Changing the way legal work is done in Africa by playing the “scale game”
February 13, 2020The Republic of Congo creates a new legal framework for local content
February 12, 2020Mining In Equatorial Guinea: A Derby Played On New Grounds For Companies And The Government
January 31, 2020Will 2020 truly be the Year of Gas for Nigeria?
January 31, 2020The future looks bright for African oil & gas