Continental Focus, International Reach

Mozambique FID to Cost Anadarko $200 Million

Sunday, November 18, 2018

Anadarko is spending roughly $200 million to take the FID on its LNG project in Mozambique. The FID is expected to be taken in H1 2019.

This $200 million represents its share of the costs associated with the ongoing preparation of the onshore facilities. These should have a nominal production capacity of 12.88 mtpa from two trains. The actual construction work will start next year for the start of production in 2023.

The current sales contracts are those of Tohoku Electric (0.28 mtpa, for a period of 15 years), a joint operation with Centrica and Tokyo Gas (2.6 Mmtpa), EDF in France (1.2 mtpa for a period of age 15) and PTT (2.6 mtpa for 15 years).

The shareholders of the project are Anadarko (26.5%), Mitsui (20%), ONGC Videsh (16%), Empresa Nacional de Hidrocarbonetos (ENH) (15%), Bharat PetroResources (10%), PTT Exploration & Production (8.5%) and Oil India (4%).