US group Anadarko Petroleum “in principle” has enough customers to move ahead with the final investment decision on the natural gas liquefaction project in northern Mozambique, said the group’s vice president and director for Mozambique.
Steve Wilson also told financial news agency Bloomberg that the group has provisional agreements to place the amount of natural gas it plans to produce, and now intends to convert all those deals into binding contracts.
The Anadarko group, which discovered world-class deposits in the Rovuma basin eight years ago, last February signed an agreement with Électricité de France (EDF) for 15 years to provide 1.2 million tons of liquefied natural gas per year.
The group has already received the necessary government approvals from Mozambique to build the ground facilities needed to process the gas for export, a project that will require an estimated investment of US$20 billion and will begin with two processing units and an annual production capacity of 12 million tons. (macauhub)