×
×
Project Insights

Anadarko’s FID for Mozambique LNG no easy act to follow

Mozambique LNG is the first major greenfield project to be sanctioned this year, but Anadarko’s successful approach to FID may be difficult to emulate amid the looming transformation of the market Mozambique LNG is the first major greenfield project to be sanctioned this year, but Anadarko’s successful approach to FID may be difficult to emulate amid the looming transformation of the market.
By Colin Shek 28 June 2019 World / LNG 0 34351
An Anadarko drillship off Mozambique. (Anadarko)

Anadarko achieved FID on Mozambique LNG last week with a unique and flexible sales approach that suited the current requirements of buyers. But Anadarko’s years-long path will not be an easy one for rivals to follow, especially as changing market fundamentals mean the window of opportunity to succeed with a similar strategy is closing.

The 13 mtpa onshore project reached the FID finish line thanks to marketing and commercial arrangements from Anadarko that were novel and perfectly timed for current LNG market expectations....