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Home Africa

Press release: Anadarko and Government of Mozambique to make major announcement June 18

Fabio Scala by Fabio Scala
May 8, 2019
in Africa, Commodities, Economy, Energy, FID, Gas, Mozambique, Natural Resources
Reading Time: 1 min read
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US$180B+ will be spent on 88 upcoming oil and gas fields in Africa to 2025
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Following a meeting Tuesday, the President of Mozambique His Excellency Filipe Nyusi and Anadarko Petroleum Corporation Chairman and CEO Al Walker announced plans for Mozambique LNG to make an important announcement during a celebratory event on June 18, 2019 in Maputo. It was also noted that all issues under negotiation between the Government of Mozambique and Anadarko have been satisfactorily resolved.

“We expect June 18 will become a historic day in Mozambique as we announce that one of the most important and transformational projects in our country’s history is ready to advance to the next stage,” said His Excellency President Nyusi. “We recognize Anadarko’s continued commitment to moving this project forward to becoming a reality.”

“With commitments for financing in place, off-take secured, and all other issues under negotiation successfully addressed, we are excited to take the next step with the expected announcement of a Final Investment Decision (FID) for the Mozambique LNG project on June 18,” said Walker. “Mozambique LNG is among the most significant projects that our company or any other has undertaken, given the scale of the project, size of the resource, and the potential long-term transformational benefits it represents for Mozambique. We are grateful for the continued support of the people and government of Mozambique, our co-venturers, and the thousands of men and women working in the Cabo Delgado region to develop this exciting project. We look forward to celebrating the official sanctioning of Mozambique LNG on June 18.”

MZ LNG Project Overview Video

Original PR

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Tags: AnadarkoFeatureFIDGovernment of MozambiqueLNGMitsuiMozambiqueMozambique LNGмозамбикموزمبيقモザンビーク莫桑比克
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Fabio Scala

Fabio Scala

Fabio Scala is a director at BNI Bank in Mozambique, an institution he helped to create and served from 2010 to 2014. In his interval from BNI, he served in a UK family office for 5 years expanding its equity portfolio in Mozambique, Zimbabwe, Zambia and South Africa. He is also a board member of Uhusiano Capital, a boutique investment firm focused in impact investment projects in Southern Africa. Prior to his African experience, Fabio has worked in the US, Portugal and Brazil where he started his career at Caixa Economica Federal - the country’s largest state bank.

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