Bloomberg News

Japan Uncertainty Hindering Mozambique LNG Deals, Anadarko Says

June 13, 2013

Uncertainty over government policy is keeping Japanese buyers from signing contracts for fuel from the world’s second-largest liquefied natural gas plant planned in Mozambique, according to one of the project’s developers.

Buyers from the Asian nation have been reluctant to commit to buying fuel from the African country because of pending Japanese government decisions on nuclear plant restarts and power grid policies that will affect future demand, A. Scott Moore, vice president of marketing for Anadarko Petroleum Corp. (APC:US) said today in Tokyo.

Buyers from the world’s biggest importer of LNG are also waiting for clarity from the Obama administration on how much U.S. gas will be available to the Asian country, Moore said in an interview.

“They’re very interested in adding Mozambique to their portfolios and they have a number of really policy-driven uncertainties that impact their view of their future,” he said. “Other countries -- India, Thailand, China -- I think have fewer complications to address.”

The Woodlands, Texas-based Anadarko and Eni of Italy agreed last year to build what would be the world’s second-largest liquefied gas export plant at 50 million tons a year when completely developed. Anadarko plans to begin shipping LNG from the plant in 2018, Moore said.

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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Companies Mentioned

  • APC
    (Anadarko Petroleum Corp)
    • $110.94 USD
    • -1.11
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