Mozambique: Cabinet approves LNG changes

Mozambique’s cabinet on 6 December approved changes to the liquefied natural gas (LNG) contracts with Anadarko and Eni to allow the two companies to sell the government’s share of gas from projects in the Rovuma Basin. The concessionaires have agreed to combine their LNG volumes into joint sales in order to offer bigger volumes that can command better prices at the market. Eni is expected to make a final investment decision on its Coral South floating LNG project by the end of this year, while Anadarko’s investment decision on the Golfinho-Atum development is expected in 2017.