LNG

The Mozambique government said US energy giant Exxon Mobil and partners such as PetroChina have finalized their investment plan for the southeast African nation’s Mamba LNG project backed by offshore Rovuma Basin resources and would hold a signing ceremony on October 8 in the capital Maputo.

Anadarko Petroleum Corp. of the US has formally given the final investment decision and go-ahead for $20 billion of liquefied natural gas export project spending in Mozambique ahead of the Houston, Texas-based company’s takeover by Occidental Petroleum.