Anadarko Petroleum to make decision on investment in Mozambique

16 April 2015

US group Anadarko Petroleum will soon sign the sales contract allowing it to advance in the natural gas exploration project in northern Mozambique, said Wednesday in Maputo John Peffer, director of the group in Mozambique.

Peffer said that if the sales contracts are signed “in the coming months” and the government permits come in time the group can make a decision and “production can begin in 2019,” according to financial news agency Bloomberg.

The Area 1 block, in which the US group is the operator, has natural gas reserves estimated at 75 trillion cubic feet, enough to make Mozambique the world’s third largest supplier of natural gas, after the Qatar and Australia.

A final investment decision depends on the conversion of non-binding agreements into binding ones that the Anadarko Petroleum group has closed to export 8 million tons of natural gas per year to customers in Japan, China, Thailand and Singapore. (macauhub/MZ)