Anadarko to announce FID for Mozambique LNG project in June

Following a meeting Tuesday, the President of Mozambique His Excellency Filipe Nyusi and Anadarko Petroleum Chairman and CEO Al Walker announced plans for Mozambique LNG to make an important announcement during a celebratory event on June 18, 2019 in Maputo. It was also noted that all issues under negotiation between the Government of Mozambique and Anadarko have been satisfactorily resolved.

‘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 His Excellency President 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 Final Investment Decision (FID) for the Mozambique LNG project on June 18,’ said Walker. ‘Mozambique LNG is among the most significant projects that our company or any other has undertaken, given the scale of the project, size of the resource, and the potential long-term transformational benefits it represents for Mozambique. We are grateful for the continued support of the people and government of Mozambique, our co-venturers, and the thousands of men and women working in the Cabo Delgado region to develop this exciting project. We look forward to celebrating the official sanctioning of Mozambique LNG on June 18.’

 

Source: Anadarko

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