Anardarko announces Mozambique LNG FID

Anadarko Petroleum and its co-venturers in Mozambique’s Offshore Area 1 have announced a final investment decision (FID) on the Anadarko-led Area 1 Mozambique LNG project.

The project will be Mozambique’s first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88mn t/y to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1. The project has successfully secured in aggregate 11.1mn t/y of long-term LNG sales (representing 86% of the plant's nameplate capacity) with key LNG buyers in Asia and in Europe. In addition, the project is expected to have a significant domestic gas component for in-country consumption to help fuel future economic development. 

Mozambique LNG is one of two LNG mega-projects that have been seeking sanction for over four years in Mozambique. The other is the ExxonMobil-led Rovuma LNG development.

Anadarko is set to be taken over by US independent Occidental Petroleum, which recently agreed to sell Anadarko’s sub-Saharan Africa upstream assets – including the company’s Mozambican holdings – to Total of France in a $8.8bn deal. The transaction, is contingent upon Occidental completing its acquisition of Anadarko.

Anadarko’s partners in the Mozambique LNG project are Mitsui of Japan, Mozambique’s state energy company ENH, Thailand’s PTT and India’s ONGC, Bharat Petroleum Resources and Oil India.