Anadarko Green Lights Mozambique LNG Project

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Anadarko Petroleum Corp. has given the final go ahead to begin construction of its Area 1 Mozambique LNG project.

Anadarko Petroleum Corp. gave the final go ahead to begin construction of its Area 1 Mozambique LNG project Tuesday.

The company announced a Final Investment Decision (FID) at a sanctioning event in Maputo, Mozambique.

Filipe Nysui, His Excellency of the President of the Republic of Mozambique, referred to it as a historic day for the people of Mozambique.

“Today's 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,” he said during the event.

The project, which is Mozambique’s first onshore LNG development, will transport gas produced offshore Mozambique to an onshore liquefaction facility.

“This is an exciting day for Mozambique and for our partnership…the [project] has come a long way from our first discovery to FID for the construction of the initial two-train development project,” Anadarko CEO Al Walker said. “As the world increasingly seeks cleaner forms of energy, the [project] is ideally located to meet growing demand, particularly in expanding Asian and European markets.”

Last month, Occidental Petroleum Corporation agreed to buy Anadarko. Occidental has also agreed to then sell Anadarko’s Africa assets – which include the Mozambique LNG project – to Total S.A.

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