Mozambique LNG project (Rovuma basin Area 1)

7/12/2016
Project development, Project finance

Announced

7/12/2016


Overview:

  • Mozambique LNG project (Rovuma basin Area 1).
  • Anadarko Petroleum is developing Area 1 of Mozambique's LNG resources in the Rovuma basin in the Prosperidade and Golfinho/Atum areas.
  • Anadarko first made an LNG discovery in 2010 with a final investment decision expected in 2017. Production is expected to begin in 2022-23. It is estimated that the area contains 75 trillion cubic feet of gas reserves.
  • The project also includes the construction of an LNG terminal on the Afungi peninsula which requires a resettlement plan for the existing community on the site.
  • In December 2015 Anadarko and Eni (the developer of Area 4) executed a unitization and unit operating agreement (UUOA) relating to the gas resources that straddle Areas 1 and 4.

Sam Duke - Editor

Jurisdiction:

Mozambique

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

England and Wales
Mozambique

Industry sector:

Oil and gas


Firms:

Party: Government of Mozambique (Grantor)

Lawyer: Charles Wood


Party: Anadarko Petroleum (Project developer)

Lawyer: Scott Greer


Party: Anadarko Petroleum (Borrower)