Anadarko Says Has Sold Two-thirds Mozambique LNG Capacity

Source: Reuters 3/24/2014, Location: Africa

Anadarko Petroleum Corp has sold two-thirds of the capacity of its planned Mozambique liquefied natural gas (LNG) project to Asian customers and hopes to have the rest sold soon, its chief executive said.

The company is the primary operator of Mozambique's Rovuma Offshore Area 1, which is estimated to hold more than 65 trillion cubic feet of natural gas. LNG, gas chilled to liquid form for sea transport, is a key fuel source and many Asian nations have been hungry to find steady sources. To develop massive LNG projects though, financiers often require customers to be lined up well in advance.

"We think we have financially de-risked the project," Anadarko CEO Al Walker said in an interview at the Howard Weil energy conference in New Orleans. "We expect to make a final investment decision on the project later this year."

Walker said he expects the remaining third of the Mozambique capacity to be sold to Asian customers, not European customers, despite recent tensions between Europe and Russia over Ukraine.


Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...
Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users

United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...
Japan >>  7/15/2022 - INPEX CORPORATION (INPEX) and Sakata Natural Gas Co., Ltd. (Sakata Natural Gas) jointly announced they entered into an agreement on the carbon neutral...

United States >>  7/14/2022 - ConocoPhillips announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scal...
United States >>  7/11/2022 - Marathon Petroleum Corpís Trans-Foreland Pipeline Co unit wants more time to convert the Kenai liquefied natural gas (LNG) export plant in Alaska into...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.