Mitsui: Mozambique LNG FID in March 2016

Mitsui: Mozambique LNG FID in March 2016

Mitsui’s chief financial officer, Keigo Matsubara said on Friday that a final investment decision on the Mozambique LNG project will be made by the end of March 2016.

Reuters cited Matsubara as saying that the negotiations with the local governments are time-consuming. Initially, FID was expected before the end of 2015.

Mitsui’s expectation goes in line with recent comments by John Peffer, the country manager at Anadarko, the operator of the project, that the partners are close to submitting a development plan.

Peffer did, however, say that the decision depends on the government’s approval of the development plan which in some cases can take up to nine months.

Anadarko informed in August that it has lined up 90% of supply deals that are also awaiting government’s approval.

The Mozambique LNG partners are Empresa Nacional de Hidrocarbonetos, Anadarko, Mitsui & Co, Bharat PetroResources, ONGC Videsh, Oil India, and PTT Exploration & Production.

 

LNG World News Staff; Image: Mozambique LNG

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >