Final investment decisions approach for Mozambique LNG schemes

A group led by Anadarko Petroleum Corporation is nearing a final investment decision (FID) on the Golfinho-Atum liquefied natural gas (LNG) scheme, with long-term offtake agreements and a potential financial close finally coming into view even though sale of the full 12.8m t/yr nameplate capacity from the first two liquefaction trains is unlikely to be finalised before the key move. The Mozambique LNG (Area 1) partners have signed a long-term offtake agreement with EDF, a non-binding accord with equity partner PTTEP and a smaller contract to sell up to 280,000 t/yr for 15 years to Japan’s Tohoku Electric Power Company.