Anadarko Petroleum Corporation and the co-venturers in Mozambique’s Offshore Area 1, announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This official declaration of FID affirms that the Area 1 Plan of Development is now effective with notice provided to the Government of Mozambique that all necessary conditions have been met. The project can now advance to the construction phase.
The Anadarko-led Area 1 Mozambique LNG project will be Mozambique’s first onshore LNG development, at first including two LNG trains with an overall nameplate capacity of 12.88 million tonnes per annum (MTPA) to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.
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The project has also secured in aggregate 11.1 MTPA of long-term LNG sales, with key LNG buyers in Asia and in Europe. Moreover, the project is expected to have an important domestic gas component for in-country consumption to assist fuel future economic development.
What is more, the Anadarko-led Area 1 Mozambique LNG project has been established as ‘First Mover’ by Mozambique. This means that Area 1 will also be responsible for building the support facilities to be shared between Area 1 and Area 4 projects, which will include the Materials Offloading Facility and the LNG Marine Terminal.
Now, the project expects to soon issue Notices to Proceed according to the terms of the last executed engineering, construction, procurement and installation contracts and finalize financing.
Anadarko Moçambique Área 1 operates Offshore Area 1 with a 26.5% working interest. Co-venturers include ENH Rovuma Área Um with 15%, Mitsui E&P Mozambique Area1 Ltd. with 20%, ONGC Videsh Ltd. with 10%, Beas Rovuma Energy Mozambique Limited with 10%, BPRL Ventures Mozambique B.V. with 10%, and PTTEP Mozambique Area 1 Limited with 8.5%.
President Filipe Nyusi stated on the occasion:
Today’s sanctioning of the Anadarko-led Area 1 Mozambique LNG project solidifies a path toward the creation of thousands of jobs for our people, significant economic growth for our nation, and the potential to be one of the world’s largest providers of cleaner energy for decades to come. It is truly one of the most important and transformational projects in our country’s history
