Anadarko forecasts minimum investment

Anadarko forecasts minimum investment in the Mozambique liquefied natural gas project the company is involved in this year.The project, which is not expected to start producing before 2021, marks the start of gas exports and a new era in the country’s economic future, which may however be compromised by the falling price of oil in the international market.Citing a statement issued by the company on Tuesday, Bloomberg writes that Anadarko is considering selling assets worth up to US$3 billion this year, as well as cutting spending on new wells and other projects by almost 50 percent, because of low prospective returns in the oil market.