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LNG World Shipping

Mozambique LNG secures long-term deal with Asian buyers

Tue 14 May 2019 by John Snyder

Mozambique LNG secures long-term deal with Asian buyers
Gas will be sent via pipeline from 20 subsea wells to an onshore liquefaction facility (image: Anadarko)

Houston-based Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte Ltd has signed a sale and purchase agreement (SPA) with Japan’s JERA and Taiwan’s CPC Corporation. The SPA calls for the delivered ex-ship supply of 1.6 mta for a base term of 17 years from the commercial start date.

Mozambique LNG's portfolio of long-term sales now includes four of the top five LNG importing markets, with long-term agreements totalling 11.1 mta.

"This co-purchasing agreement with JERA and CPC brings together two prominent Asian foundation customers and will ensure a reliable supply of cleaner energy to meet the growing demands of both Japan and Taiwan," said Anadarko executive vice president, international, deepwater & exploration Mitch Ingram. Anadarko is expected to make an FID for the Mozambique LNG project on 18 June.

Anadarko is developing Mozambique's first onshore LNG facility consisting of two initial LNG trains with a total nameplate capacity of 12.88 mta to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.  

Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5% working interest. Coventurers include ENH Rovuma Área Um, SA (15%), Mitsui E&P Mozambique Area1 Ltd (20%), ONGC Videsh Ltd (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique BV (10%), and PTTEP Mozambique Area 1 Limited (8.5%).

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