Mitsui not selling Mozambique LNG stake

Mitsui not selling Mozambique LNG stake

Mitsui & Co of Japan said selling a stake in a liquefied natural gas project off Mozambique is not in the company’s plans. 

Reuters quoted Mitsui’s CFO, Keigo Matsubara saying that the company plans to reach the financial investment decision by the end of 2015. Matsubara also added that the production is expected to start in 2019, stressing that the company has no intention of selling its stake at the moment.

More than 75 Tcf of recoverable natural gas resources have been discovered in Mozambique’s Offshore Area 1, which will be used to feed an initial two-train LNG development.

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>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >