Mozambique gets LNG pay back

Written by  John McKay
Saturday, 17 August 2013
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Aug 17 (LNGJ) - Eni Chief Executive Paolo Scaroni met the President of Mozambique, Armando Guebuza, to discuss the LNG project being developed in the southeast African country by the Italian energy company, Anadarko Petroleum of the US and other partners. A tax agreement with the Mozambican authorities relating to the sale by Eni of an LNG stake to China National Petroleum Corp. was also announced. The deal enables the payment of $400 million and the construction of a 75 megawatts power plant in Cabo Delgado province.

Last modified on Saturday, 17 August 2013 05:26
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