Mozambique nears FID under political cloud

A decision is rapidly approaching for the first of the long-awaited Rovuma Basin LNG projects

Mozambique will finally hear a Final Investment Decision (FID) on 18 June for the first of the long-awaited Rovuma Basin LNG projects US independent Anadarko, which is now set to be bought by its peer Occidental—which will, in turn, immediately offload its African assets including Mozambique LNG to Total—has reached this stage against considerable odds. It was consistently written off by industry observers as too small to make a success of the Mozambique LNG project. It weathered the oil price crash of 2015, and Mozambique's sovereign debt scandal, which broke in 2016 and is still ongoing—but has put together the sales agreements and financing commitments to be able to take a decision. If th