LNG

Mozambique LNG FID due by March 2019 – Mitsui CEO

Japan’s Mitsui expects to take FID on the Anadarko-led Mozambique LNG project by the end of March 2019
By Staff reporter 10 May 2018 0 30797

Japan’s Mitsui expects to take FID on the Anadarko-led Mozambique LNG project by the end of March 2019, Chief Executive Tatsuo Yasunaga said at an earnings conference.

“The FID on the Mozambique Area 1 project during this financial year is in our sights,” said Yasunaga.

Spending on the ¥2 trillion ($18.3 billion) project will start in the following fiscal year, he said.

The two-train, 12 mtpa project is expected to be completed in 2022-2023, and has secured binding and non-binding commitments from...