Anadarko to invest $25 billion in Mozambique gas project

  • News Digest

Jun 20, 2019-

MAPUTO: US energy firm Anadarko plans to invest $25 billion (22 billion euros) in developing gas reserves off the northern coast of Mozambique, the government said Tuesday, hailing the “largest foreign investment” in the country’s history. The investment is the latest chapter of what Mozambique hopes will become a tale of economic rebirth after gigantic gas reserves were discovered at the beginning of the decade off the northern Cabo Delgado province in the southeast African nation. Anadarko is one of several global companies investing billions in offshore exploration. The liquefied natural gas project Dolphin Tuna foresees an investment of $25 billion, Mozambique’s energy ministry said in a statement. (AFP)

Published: 20-06-2019 10:15

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