Mozambique LNG FID Due June 18

Anadarko Petroleum Corporation May 8 said final investment decision (FID) on the Mozambique LNG project will be announced June 18.

The announcement was made after the meeting between president of Mozambique Filipe Nyusi and Anadarko CEO Al Walker. “It was also noted that all issues under negotiation between the government of Mozambique and Anadarko have been satisfactorily resolved,” Anadarko said.

Anadarko holds a 26.5% stake in Mozambique LNG, with the remaining equity held by Japan’s Mitsui (20%), India’s ONGC Videsh (16%), Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) (15%), India’s Bharat PetroResources (10%), PTT Exploration & Production of Thailand (8.5%) and Oil India (4%).

“We expect June 18 will become a historic day in Mozambique as we announce that one of the most important and transformational projects in our country’s history is ready to advance to the next stage,” said Nyusi. “We recognize Anadarko’s continued commitment to moving this project forward to becoming a reality.”

“With commitments for financing in place, off-take secured, and all other issues under negotiation successfully addressed, we are excited to take the next step with the expected announcement of a FID for the Mozambique LNG project on June 18,” said Walker.