Anadarko Petroleum Corporation (APC) and the co-venturers in Mozambiques Offshore Area 1 have announced a final investment decision (FID) on the Anadarko-led Area 1 Mozambique LNG project
This official declaration of FID confirms the Area 1 Plan of development is effective with notice provided to the Government of Mozambique that all conditions precedent have been fulfilled, and the project can now advance to the construction phase.
The official declaration of FID was made at a sanctioning event in Maputo, Mozambique, attended by the President of the Republic of Mozambique Filipe Nyusi, the minister of mineral resources Ernesto Max Tonela and Anadarko's chairman and CEO Al Walker, along with representatives from the Area 1 co-venturers and distinguished guests.
President Filipe Nyusi said, “Sanctioning of the Anadarko-led Area 1 Mozambique LNG project solidifies a path toward the creation of thousands of jobs for our people, significant economic growth for our nation and the potential to be one of the world's largest providers of cleaner energy for decades to come.”
Al Walker added, “As the world increasingly seeks cleaner forms of energy, the Anadarko-led Area 1 Mozambique LNG project is ideally located to meet growing demand, particularly in expanding Asian and European markets. We look forward to safely executing the next phase of this project for the long-term benefit of Mozambique, its people, our partnership, and our customers.”
The Anadarko-led Area 1 Mozambique LNG project will be Mozambique's first onshore LNG development, initially consisting of two LNG trains with a total nameplate capacity of 12.88 mtpa to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1. The project has secured in aggregate 11.1 mtpa of long-term LNG sales (representing 86 per cent of the plant's nameplate capacity) with major LNG buyers in Asia and in Europe.
As previously announced, the Anadarko-led Area 1 Mozambique LNG project has been designated as ‘First Mover’ by the Government of Mozambique, meaning Area 1 will also be responsible for constructing the support facilities to be shared between Area 1 and Area 4 projects, which will include the Materials Offloading Facility and the LNG Marine Terminal.
The project expects to soon issue Notices to Proceed under the terms of the previously executed engineering, construction, procurement and installation contracts and finalise financing.
