Anadarko Petroleum Outlines Expenditure Plans for 2013, Including for LNG Mega Projects

Anadarko Petroleum Corporation (NYSE: APC) outlined plans and guidance for 2013.

As quoted in the press release:

In Mozambique, the company continues to advance the massive natural gas resources discovered in the Offshore Area 1 toward first LNG cargoes in 2018. Anadarko and its co-venturers expect to achieve reserve certification in 2013, while continuing to make progress securing oil-linked LNG sales agreements.

Anadarko’s President and CEO, Al Walker said:

Accelerating value by advancing our high-margin deepwater and international oil and LNG (liquefied natural gas) mega projects remains a priority in 2013, and we expect to continue pursuing carry arrangements and opportunistic divestitures to further enhance the capital efficiency of our portfolio.

To view the whole press release, click here.

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