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Anadarko-led Mozambique LNG project expected to start construction of an onshore liquefaction unit in the Afungi peninsula at the end of 2019, the Minister of Mineral Resources and Energy, Max Tonela, informed the parliament.
“The Anadarko group and Rovuma Area 1 partners are finalising purchase agreements for nine million ton/year of liquefied natural gas, which will allow us to announce the final investment decision in the first quarter of 2019,” Tonela said.
The project also has a life expectancy of 25 years and provides for total investment of around US$30 billion, capable of generating revenue in the order of US$53 billion for the Mozambican state, the Minister said.