With recent press reports that Anadarko is considering a sale of its asset in Mozambique and Tanzania a feature in the Shell acquisition of BG, a second wave of M&A in East Africa is upon us. More asset sales were always likely, but low oil prices and capital restrictions are forcing the issue. This points to a more M&A and a changing of the guard in East African LNG. But a new set of asset owners, with different corporate priorities, could re-set project timescales.
Table of contents
The East African LNG story so far
Significant investment required
Can buyers and sellers agree on an acquisition price?