Mozambique gas stake on offer

06 March 2013

Martin Quinlan, LONDON: Bids were invited in March for a substantial interest in one of the world's largest undeveloped gas areas. Anadarko, operator for an offshore area which is due to supply a 10-train liquefied natural gas (LNG) complex, and India's Videocon, a participant, are selling a combined 20.0% holding in the licence. The sale is designed to attract one of the largest LNG players into the development, which is being targeted for a go-ahead decision this year. Each company is to sell 10.0% in the Area 1 licence, with Anadarko's interest falling to 26.5% and Videocon -...

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