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LNG buyers lined up for Mozambique project

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LNG Industry,

According to Bloomberg, Anadarko Petroleum Corp. has reported that, in principle, it has enough customers to proceed with its LNG project in Mozambique.

According to Steven Wilson, vice president and country manager in Mozambique for the Woodlands, Texas-based explorer, Anadarko secured a 15 year supply deal with Electricite de France SA in February and is now looking to close deals with other customers.

In the meantime Anadarko has also received government approvals for the onshore facilities required for the gas exportation process.

The project will commence with two 12 million tpy capacity trains, with the aim of increasing capacity to a potential eight trains producing 50 million tpy.

The Mozambique LNG project – overseen by Anadarko, Eni SpA, and Exxon Mobil – is playing a crucial role in stimulating growth in one of the world’s poorest countries.

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