French energy major Total aims to expand its Mozambique LNG project by adding two extra trains.
“We’re starting to look at studies for train 3 and train 4, because the resources are clearly there to develop,” Mike Sangster, head of Total Exploration and Production for Nigeria, told the oil conference in Cape Town, South Africa.
Total concluded the acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project for $3.9 bill in September, as part of its takeover of Anadarko’s Africa assets that included projects in Ghana and Algeria.
Sangster added that the company expected to close its acquisition of Anadarko assets in Ghana and Algeria early next year once regulatory approvals were cleared.
In September, Total said that the Mozambique project would include the construction of a two-train liquefaction plant with a capacity of 12.9 mill tonnes per year.
Total claimed that 90% of Mozambique LNG was already sold under long-term contracts largely linked to the oil price.Previous:
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