LNG

FID on Mozambique LNG scheduled for January 2019

The Mozambique LNG project is set to take an FID in January 2019, the country's regulator has said
By Staff reporter 22 June 2018 0 31427

The Mozambique LNG project is set to take an FID in January 2019, S&P Global Platts quoted Augusto Macuvele, head of exploration at Mozambican regulator the INP, as saying on Thursday.

“The project is at take-off stage now and has programmed the FID for around January,” said Macuvele, adding it could begin exporting LNG by 2023 if construction starts by the end of 2019.

Mozambique LNG is required by its lenders to secure long-term deals covering at least 8.1 mtpa of its 12.9 mtpa...