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Mozambique LNG project-I: Some traction at last
Aug 02:
Now that a final investment decision (FID) has been taken for the ENI promoted Coral Floating LNG in offshore Mozambique underpinned by Shell's commitment to offtake all production, consortium leader Anadarko Petroleum has begun work on activating its own LNG project in the adjacent Rovuma Area 1 Offshore block in which the Indian trio of ONGC, Bharat Petro Resoures Ltd (BPRL) and Oil India Ltd (OIL) are involved.
8Anadarko announced that it had finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique. This follows the publication of the Mozambican Government Decrees approving those agreements.
8But it will be a long while before FID can take place.
Click on Details for more
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8Anadarko announced that it had finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique. This follows the publication of the Mozambican Government Decrees approving those agreements.
8But it will be a long while before FID can take place.
Click on Details for more
