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situation report

Jun 19, 2019 | 13:53 GMT

1 min read

Mozambique: Anadarko Set to Proceed With Massive LNG Investment

What Happened: Anadarko Petroleum has made a final investment decision to continue with its Mozambique LNG project in the waters off the country's Cabo Delgado province, the U.S.-based company said in a June 18 statement.

Why It Matters: The $25 billion project, with an expected production at 12.9 million metric tons per annum (mtpa), is set to be the largest U.S. investment in Africa. The Anadarko development, when combined with other liquified natural gas projects, is likely to make Mozambique the world's fifth- or sixth-largest LNG exporter by the mid-2020s.

Background: Militant Islamist groups have conducted an increasing number of attacks in Cabo Delgado recently, although Mozambique LNG's offshore location means jihadist activity will not pose much direct risk to it. Occidental Petroleum, meanwhile, is in the process of acquiring Anadarko; as part of the deal, it plans to sell Anadarko's African assets to Total S.A.

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