Reuters: Anadarko Says Pushing Ahead with Mozambique LNG Plans

U.S. energy company Anadarko is pushing ahead with its planned $20 billion Mozambique gas export project and will make a final investment decision once the government approves its development plan.

"We're working full out to achieve a final investment decision as soon as possible," Anadarko's country manager John Peffer told Reuters in Maputo, without committing to a timeline.

There has been uncertainty over when Anadarko would make its final call on the planned liquefied natural gas (LNG) project in northern Mozambique, one of the world's biggest gas finds in a decade.

Other oil and gas companies have deferred large development projects following a sharp fall in oil prices. And there was speculation earlier this year that Anadarko might sell assets in Mozambique.

Peffer said the investment decision was dependent on the government approving its development plan which it was submitting very soon. He said that pulling out of the project was "not an option." MORE