Anadarko Petroleum sanctioned its Mozambican liquefied natural gas project, Mozambique LNG. According to Wood Mackenzie the company is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa).
Specifically, Jon Lawrence, an analyst with Wood Mackenzie’s sub-Saharan Africa upstream team, commented on this initiative that
Mozambique LNG is one of two LNG mega-projects that have been seeking sanction for over four years in Mozambique. The other is the ExxonMobil-led Rovuma LNG development. With strong LNG demand growth out of Asia, now is Mozambique’s time.
He continued that he believes that from the early 2030s, state revenue from Mozambique LNG alone will reach US$3 billion per annum, single-handedly doubling today’s revenue, as calculated by the IMF and World Bank.
Moreover, WoodMac expects the two Mozambique LNG projects to be the second and third most valuable oil and gas sanctions taken this year, after Arctic LNG-2 in Russia.
Anadarko will be the leader of the construction of shared aspects of the two onshore LNG projects. Anadarko is set to be taken over by fellow US independent Occidental Petroleum.
Meanwhile, Occidental agreed to sell Anadarko’s sub-Saharan Africa upstream assets, to the French Total in a US$8.8 billion deal.
