Anadarko presses ahead with LNG project at Afungi
According sources, Anadarko’s vice-president for LNG, Mitch Ingram, was in Maputo during the course of the week 27 May to 3 June, to meet with the boss of the firm’s local affiliate, John Peffer. But he also met with senior ENH officials and aides from the Ministry of Mineral Resources and Energy. The question of financing the government’s stakes in Block-2, owned by ENH, has yet to be resolved. A decision on the matter will be needed before Anadarko itself makes a final investment decision (FID) on building an LNG plant in Afungi supplied by gas from Block-1, which the company operates. Mozambique’s growing debt could yet again hold back the project.
Technip has a lot to be happy about regarding FLNG but can’t say it
According to Africa Intelligence sources, the Italian major ENI has already decided which sub-contractor will build the FLNG on its Block-4 in order to liquefy gas from the Coral field. After being pre-qualified, France’s Technip and its partners JGC and Samsung Heavy Industries have gotten the nod for the project. But if ENI has confirmed the award with Mozambique’s Minister of Mineral Resources and Energy, Pedro Couto, Technip won’t have the contract officially and thus can’t announce it before the FID on the project. That has been constantly put back by ENI’s board and won’t be taken before the start of the second half of 2016.
Total takes Petronas’ place on Blocks-3 and 6
As the Malaysian giant Petronas withdrew from Blocks-3 and 6 in Mozambique’s offshore, its partner on the block, Total (which held a 40% stake), has taken over as operator of the concessions. The French major is expected to also buy out part of the Malaysian group’s 50% on the license. ENH is to retain its 10%. The project has moved into its third exploration phase, during which a well is to be drilled. Total has contacted several service companies operating in the region about the drilling.
But in the current economic downturn Total could wait before spudding the well. Since it debuted on the license in 2012 no discovery has been made. While Petronas remains active in the country’s distribution sector through its 80% owned subsidiary Engen.
Source: Africa Intelligence
For insight; follow our blog at: https://yukonservice.wordpress.com
Yukon Services Clearing Agent License Holder
Yukon Services en Maputo | Clearing Agent in Mozambique | Top Website | Biggest English Portal | http://www.yukonservice.com | https://yukonservice.wordpress.com |
Hydrocarbon Logistics Centre | The Pemba Logistics Base | Nigerian Company Orlean Invest | Portos de Cabo Delgado (PCD)