Skip to main content

Mozambique LNG update from Anadarko at WGC18

Published by
LNG Industry,


Mitch Ingram, Anadarko Executive Vice President, International, Deepwater and Exploration, delivered a keynote address at the World Gas Conference in Washington D.C. in which he announced that he expects the Anadarko-led Mozambique LNG project to be in position to take FID (Final Investment Decision) in H1 2019.

He also announced that the project and its contractors are realising significant cost savings amounting to approximately US$4 billion over 2016 estimates. As a result of these savings, Anadarko expects to deliver the first two onshore liquefaction trains with 12.88 million tpy capacity for approximately US$7.7 billion (less than US$600/t).

In addition, the company reiterated that it has announced 6.7 million tpy of off-take agreements and has agreed to key terms for the targeted volume of 8.5 million tpy, enabling it to proceed with incremental project financing discussions with lenders. The focus now is on converting these non-binding commitments into fully termed Sale and Purchase Agreements (SPAs).

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01082018/mozambique-lng-update-from-anadarko-at-wgc18/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news