US’s Anadarko Petroleum Corporation, a Houston-based organization, plans to decide on establishing a $15b liquified natural gas (LNG) project in Mozambique, All Africa reported.
The project relates to the company’s 2010 discovery in the Rovuma Basin, off the coast of the northern province of Cabo Delgado, and is expected to extract some 75tcf of recoverable gas from Mozambique, with production scheduled for 2022 or 2023. The final decision is slated for 2017, according to Club of Mozambique.
The company has all but completed a key part of its negotiations with the Mozambique government, which involves forging an agreement on how to resettle families living in fishing villages along the coastline. It could cost some $300m to resettle families in new homes that the company and its contractors have promised to build. Anadarko has submitted its relocation plan and is awaiting the government’s approval.