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Home Extractive industry A LOOK AT ANADARKO'S FINAL INVESTMENT DECISION AND THE GAINS CHALLENGES FOR MOZAMBIQUE

A LOOK AT ANADARKO'S FINAL INVESTMENT DECISION AND THE GAINS CHALLENGES FOR MOZAMBIQUE

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UM OLHAR SOBRE A DECISÃO FINAL DE INVESTIMENTO DA ANADARKO E OS DESAFIOS DOS GANHOS PARA MOÇAMBIQUE

At a ceremony held on June 18, 2019, the consortium led by the North American company Anadarko through its subsidiary Anadarko Moçambique Área 1, formally announced the Final Investment Decision for the Area 1 project, LNG Golfinho Atum. This is a consortium that, in addition to Anadarko (26.5%), includes partners Mitsui E&P Mozambique Area 1 (20%), National Hydrocarbon Company (15%), Bharat (10%), Oil India (10%), ONGC Videsh (10%) and PTTEP Mozambique Area 1 (8.5%).

The investment value of this project (US$23 billion) corresponds to four times the value of the economy's total investment in 2017 (US$5.3 billion) and approximately double the Gross Domestic Product (GDP) of the project. year ($13.4 billion).

However, the expectations that are created in relation to the final investment decision announced by Anadarko may be far beyond what, in reality, the project could bring in terms of benefits for the country.

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