Gas Resources Offshore Mozambique valued at $15 billion

Gas Resources Offshore Mozambique valued at $15 billion

Anadarko Petroleum Corp. has put a price tag on the development of its substantial gas resources offshore in Mozambique, $15 billion. The $15 billion price tag includes the total cost of offshore development and construction of a new two-train LNG terminal.
The company is in talks with another company that has seen huge success offshore Mozambique, ENI, on jointly developing their found reserves. “We are in talks with ENI about combining efforts both on the offshore development and on building a liquefaction facility onshore,” Scott Moore, VP of Marketing, told Dow Jones Newswires

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