Anadarko sanctions Mozambique’s first onshore LNG terminal
The two-train Mozambique Area 1 LNG project is estimated to cost $20bn. The Anadarko-led joint venture secures long-term offtake representing 86% of the project’s 12.88m tonnes per annum nameplate capacity
Mozambique LNG offtake was negotiated on a delivered basis, while flexibility in the terms was offered to LNG buyers to bolster sales despite a crowded LNG market, according to WoodMac