Despite this, Total’s share price has been steadily rising since dropping to €43.23 on 7 August. The purchase and sale agreement followed on 3 August. As a result of the deal, Total’s share price dipped slightly from €47.56 to €47.44 at the time of writing, a 0.25% fall. “This is a unique asset which perfectly fits our strategy and our skills. Total has bought the largest stake in the Mozambique project. With a huge LNG project in Area 1 of the Rovuma Basin off the coast of Mozambique, Anadarko engaged with Test Monki to tighten up the Mozambique LNG brand, implement brand guidelines, as well as design various deliverables to support advertising and marketing efforts and the Mozambique LNG presence at LNG 19 in Shanghai. “Total will, of course, work on the strong foundations established by the previous operator and its partners, in order to implement the project in the best interest of all those involved, including the government and the people of Mozambique.” New EPC contract for Anadarko Mozambique LNG project with Saipem share of about 6 billion USD. Total CEO Patrick Pouyanné said: “Mozambique LNG is one of a kind asset that perfectly fits with our strategy and expands our position in LNG. Anadarko sells two-thirds of Mozambique LNG capacity. The project Mozambique LNG, led by Anadarko, currently employs more than 4,700 Mozambicans directly and through its contracted companies, representing 94% of its workforce. The LNG project includes the Golfinho and Atum fields in Offshore Area 1 and the construction of a liquefaction plant with a capacity of 12.9 million tonnes per year. The LNG project includes the Golfinho and Atum fields in Offshore Area 1 and the construction of a liquefaction plant with a capacity of 12.9 million tonnes per year. Total SA is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum Corp. as part of its expansion in Africa, the company said.


With over a century of experience working on all aspects... French energy company Total has purchased a 26.5% stake in a liquid natural gas (LNG) project in Mozambique from Anadarko for $3.9bn. As the new operator, we are fully committed to the Mozambique LNG project and we will bring the best of our human, technical, marketing and financial capacities to further strengthen its execution. Total has bought the largest stake in the Mozambique project. Under the Mozambique Area 1 project, Anadarko is developing Mozambique’s first onshore LNG facility consisting of two initial LNG trains with a total nameplate capacity of 12.88 MTPA to support the development of the Golfinho/Atum field located within Mozambique’s Offshore Area 1.

French major buying Anadarko’s assets to expand in Africa

Other energy groups with stakes include Mitsui E&P Mozambique Area1 (20%) NH Rovuma Área Um (15%) and ONGC Videsh (10%).
Africa’s biggest ever project to cost $23 Billion to develop

Offshore Area 1 is estimated to have 60 trillion cubic feet (TcF) of gas resources, with 18 trillion TcF set to be developed in the first two years. The majority of these workers are based at the Project site, on the Afungi Peninsula, or in the company’s corporate office in Maputo. Follow the company to be always up to date with this companyWith over a century of experience working on all aspects of heavy-duty gas turbine technology, Ansaldo Thomassen (ATH) continues to meet the demand for clean, efficient and reliable power in an environmentally responsible manner.

The project in question is the $20-billion-plus Mozambique LNG project, being developed by a consortium led by French energy multinational Total, which purchased Anadarko’s 26.5% interest in the project for $3.9-billion in 2019. Follow the company to be always up to date with this companyFAIST Air Intake Systems specialises in designing and manufacturing air intake systems.

The southeastern country is one of the world’s poorest, and needs resources to adapt to extreme weather after two powerful cyclones in the same season this year.“I would like to reaffirm the importance of Mozambique LNG for Total, where we will become the operator,” Patrick Pouyanné, Chief Executive Officer of the Paris-based oil major said Friday. Anadarko Petroleum has sold two-thirds of the capacity of its planned Mozambique liquefied natural gas (LNG) project to Asian customers and hopes to have the rest sold soon, its chief executive said on Monday. "Total is set to buy all of Anadarko’s assets in Africa including oil and gas projects in Ghana and Algeria. The final investment decision for Mozambique LNG was signed on 18 June, with production expected to begin in 2024. FAIST Air Intake Systems specialises in designing and manufacturing air... ARNOLD Group is world-famous for its high-quality gas and steam turbine insulation products. Under the 15-year deal, Bharat will take 1 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the project.

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