Mining & Energy
Industry casts doubt over future of long-term LNG supply contracts
The Mozambican head of state, Filipe Nyusi, is presiding today in Pemba, in the northern province of Cabo Delgado, over a session briefing Mozambican companies on local opportunities in natural gas exploration.
“The event aims to inform Mozambican companies about business opportunities within the framework of the implementation of Anadarko’s Liquefied Natural Gas (LNG) project in Mozambique,” a statement distributed to the press said.
The initiative, co-ordinated with the Ministry of Mineral Resources and Energy of Mozambique, will be chaired by the Mozambican head of state, Filipe Nyusi, and local companies are expected to attend.
Anadarko vice president Mitchell Ingram will also be present. Anadarko leads the group of companies that will exploit natural gas in Area 1, 40 kilometres offshore in the extreme north of Mozambique.
The investment, one of the largest ever in Mozambique, has as yet no official start date, but the consortium is involved in preparations so that construction can proceed as quickly as possible, Anadarko country director Steve Wilson told the press in April.
After drilling, gas will be piped to the site on the Afungi peninsula, where it will be liquefied and loaded onto tanker ships for export.Source: Lusa
Anadarko sets aside US$2.5 billion for Mozambican contracts