East Africa LNG creeping along
Mozambique is still leading the race for East Africa’s first LNG project. But there, as in Tanzania, it’s more a marathon than a sprint
ANOTHER year, another deadline for Anadarko’s and Eni’s offshore gas production and liquefaction projects. State oil and gas company ENH told a conference in Maputo in January that final investment decisions (FIDs) would definitely happen in 2016. But treat that with some scepticism. Eni’s floating liquefaction project for the Coral field has the best chance of meeting the deadline. In February, the Italian firm won government approval for the development plan. Eni says the plant will be more than a third larger than the 2.5m tonnes a year it had originally discussed. The company benefits from having already signed an offtake agreement with BP for all the liquefied natural gas. Eni also reac
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
