LNG

Mozambique expecting $50 bln investment in LNG

ENH, Mozambique’s state hydrocarbons company, expects Anadarko and Eni to make FIDs worth a total of $50 billion on their LNG export projects in the country next year
By Staff reporter 12 July 2018 0 31718

ENH, Mozambique’s state hydrocarbons company, expects Anadarko and Eni to make FIDs worth a total of $50 billion on their LNG export projects in the country next year, the country’s news agency cited ENH head Omar Mitha as saying at a conference on Wednesday.

Mitha said much of the money will be spent outside Mozambique because of “the limitations of [Mozambique’s] companies, particularly regarding access to information, access to finance, technical capacity, and international certification on quality, hygiene, and security”.

He urged Mozambican companies to improve their...