Petroleum Africa
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Sunday, August 30, 2015
The financing of Mozambique’s natural gas development is almost assured as project operator Anadarko Petroleum Corp. has obtained 90% of the supply agreements needed to guarantee that financing. The company is now waiting for the government to give it the greenlight to export the gas.
John Peffer told Bloomberg that the group is now waiting for the Mozambican government’s consent to export the natural gas, a necessary condition so it can seek financing to build a plant to liquefy the extracted gas.
“Ultimately the timing for taking a final investment decision will be determined by the government’s pace agreeing the legal and contractual framework and approving necessary permits,” said John Peffer, director of Anadarko Mozambican Area 1, Lda.
The company expects the development plan to be submitted in the coming months and the FID is expected to be taken soon.
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