Anadarko Petroleum Corp. has received government approval to develop a gas field off of Mozambique, East Africa.
The Texas-based energy company plans to build a plant expected to cost around $15 billion to produce liquefied natural gas (LNG) from 2022 or 2023.
“The government has approved the resolution for the development plan for the Rovuma Basin Area 1 project to be implemented by Anadarko,” said Ana Comoana, spokeswoman of the Council of Ministers. “Governmental approval means Anadarko can begin work on the Area 1 development project, which includes installation of underwater wells, equipment to carry gas to liquefaction facilities and a storage facility with a capacity of 5.99 million tonnes a year.”
Mozambique stands to amass $30.7 billion until 2047 from taxes and profit-sharing generated from the exploitation of natural gas.
