Eni, Anadarko to work on Mozambique LNG

Dec. 21, 2012 at 6:13 AM

MILAN, Italy, Dec. 21 (UPI) -- Italian energy company Eni announced it signed a deal with Anadarko to develop common natural gas reserves offshore Mozambique and LNG options.

"The Heads of Agreement will facilitate a development program whereby Eni and Anadarko will conduct separate yet coordinated offshore activities," the Italian company said in a statement.

Anadarko said the companies would work on the construction of liquefied natural gas facilities in northern Mozambique. Anadarko Chief Executive Officer Al Walker said first LNG cargoes were expected from Mozambique by 2018.

Anadarko, which has headquarters in Houston, said two natural gas complexes discovered offshore Mozambique hold a combined average of around 25 trillion cubic feet of recoverable reserves.

Eni Chief Executive Officer Paolo Scaroni discussed LNG exports with Mozambique President Armando Guebuza last week. Eni this year announced major natural discoveries offshore Mozambique. The May discovery of at least 7 trillion cubic feet of gas was considered by Eni one of its largest ever.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Houston-based LINN leaves Texas shale
Australian troops to receive new rifle variant
Saab joining BAE Systems, Patria in bid to produce armored vehicle
Gas prices could go up, AAA says
Kurdish government in Iraq selling more oil