Reports are the Mozambique LNG project has been delayed 5 years. Operator Anadarko Petroleum reporting FID will not occur until 2019 with first cargo not until 2024, original FID was scheduled for 2014. Reports also state Anadarko will release a formal announcement after their partners meeting in early March.
7 replies (most recent on top)
Al Walker said on the investor call that APC will spend less than $100mm on Mozambique this year. So it does appear there will be some movement on it.
Hey ass-talker. Nothing on Moz is funded. Where did you get that?
It will take a few years to develop Mozambique. Once developed LNG is predicted to be back up.
You have to think that LNG is at its lowest in years and to make an investment like this would be a loss to the company as for returns in years. The company has no choice but to place it on hold/shelf it.
This is incorrect. Al Walker says funding is 2/3 secured and APC will spend $100mm on progressing Mozambique this year
Was confirmed in morning call. Virtually zero spend on Mozambique project this year. Also have not been able to sell any of the LNG as gas market has tanked
ummm.....did you listen to the call this morning???