Total Says Anadarko’s Mozambique LNG Project is a Perfect Fit
- French major buying Anadarko’s assets to expand in Africa
- Africa’s biggest ever project to cost $23 Billion to develop
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Total SA is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum Corp. as part of its expansion in Africa, the company said.
The project, to cost as much as $23 billion to develop, will be Africa’s biggest single investment, and Mozambique is counting on it to transform the economy. The southeastern country is one of the world’s poorest, and needs resources to adapt to extreme weather after two powerful cyclones in the same season this year.