Exploration & Production

Will Moz sign off on 29 mtpa of LNG next year?

There will definitely be an FID in Mozambique next year, but the question is whether it will be for Area 1, Area 4 – or both There will definitely be an FID in Mozambique next year, but the question is whether it will be for Area 1, Area 4 – or both.
By The Wildcat 2 November 2018 0 33145
An Anadarko drillship offshore Mozambique. (Anadarko)

After years of delays, there is a cautious optimism in Maputo over Mozambique’s LNG projects. Anadarko and its Area 1 partners look likely to take an FID on their 12.9 mtpa development next year. There is also a growing confidence ExxonMobil, despite entering the Area 4 project less than a year ago, will do the same. 

Mozambique still faces many hurdles – not least that the Area 4 partners need a market for their LNG and to tie up the billion-dollar debt financing....