21 March 2019
LNG novice Anadarko, meanwhile, has had to go through the time-consuming process of locking in long-term buyers for its gas and multi-billion-dollar financing from banks mindful of Mozambique’s 2016 credit default and geopolitical hazards.
For this reason, Anadarko’s project has been fully exposed to risk assessments made by buyers and financial institutions.
“I think what they’ve done is built the first project that across the board responds to the shifts to contract structures and pricing and how you finance an LNG project,” said Jason Feer of Poten & Partners, an industry consultancy.
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