Anadarko to construct $20 billion LNG export terminal

US energy company Anadarko Petroleum Corp has given the go ahead for a $20 billion gas liquefaction and export terminal to be built in Mozambique.

The facility, once complete, will be the continent’s largest single LNG project, highlighting the rise in demand for natural gas.

“As the world increasingly seeks cleaner forms of energy, the Anadarko-led Area 1 Mozambique LNG project is ideally located to meet growing demand, particularly in expanding Asian and European markets,” said Al Walker, the company CEO.

Anardarko, however, has signed a deal to be taken over by Occidental Petroleum Corp, the latter having agreed to sell some of Anardarko’s assets including the Mozambique LNG project to Total SA, pending completion of the acquisition.