Anadarko Signs Supply Contracts With Asian Buyers, Defining Clearer Investment Plans For Mozambique LNG

Signing long-term supply contracts is crucial to raising the huge capital required to finance LNG projects. Al Walker, the company's CEO, said that these contracts have financially de-risked the project. We believe that these supply contracts have moved Anadarko closer to a final investment decision on the Mozambique LNG project, which is expected to ship its first LNG cargo in 2018.