Anadarko Finds Mozambique-Gas Buyers as State Mulls Go-Ahead

  • Company obtains 90% of offtake pledges required for LNG plant
  • Final government approvals still needed for project to proceed
Photographer: Bartek Sadowski/Bloomberg
Lock
This article is for subscribers only.

Anadarko Petroleum Corp. has clinched almost all the supply accords it needs to bring a natural-gas project in Mozambique to fruition and is awaiting state consent to export the fuel as U.S. competition gathers pace.

The company has obtained about 90 percent of the heads of agreement, or non-binding accords, it needs to finance an onshore liquefaction plant, country manager John Peffer said by phone from Maputo.