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.
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