Anadarko Selling Mozambique Gas to Japan

Anadarko Petroleum Corp., a US-based independent oil and gas exploration and production company, is in talks with Japanese companies to supply LNG produced from its offshore Mozambique gas fields, Bloomberg Businessweek has reported.

The news agency quoted Steve Hoyle, vice president of LNG marketing Anadarko, as saying: “We are advancing efforts with selective companies in Japan and we’re hopeful that the policy uncertainty around nuclear power and U.S. exports does not cause them to miss out. None of those things are going to be clarified anytime soon.”

Hoyle, at the Mozambique Gas Summit held on March 12-14 in Maputo, also added that the company was in talks with 20 companies from 10 countries.

The Economic Times recently reported that Anadarko was looking to sell a 10% stake in its Rovuma Area 1 offshore Mozambique, with ExxonMobil, ONGC, Shell, and PetroChina seen as potential buyers.

Anadarko and Italy’s Eni are together working towards the development of its reserves discovered offshore Mozambique. In December last year, the company reached Heads of Agreement (HOA) with Anadarko, establishing foundational principles for the coordinated development of the common natural gas reservoirs spanning both Mozambique’s Offshore Area 1 (operated by Anadarko) and Offshore Area 4 (operated by Eni).

The HOA is designed to facilitate a work program whereby the two operators will conduct separate, yet coordinated, offshore development activities, while jointly planning and constructing common onshore liquefaction facilities in the form of an LNG (liquefied natural gas) park in the Cabo Delgado Province of northern Mozambique.

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