Anadarko signs Mozambique LNG supply deal with Jera, CPC
U.S. independent Anadarko, on behalf of the Mozambique Area 1 partners, has signed a deal with Japan’s Jera and Taiwan’s CPC Corporation for the supply of LNG volumes from the Mozambique LNG development.
Under the sale and purchase agreement, Jera and CPC will purchase 1.6 million tonnes per annum for a base term of 17 years from the commercial start date.
According to the company, Mozambique LNG’s portfolio of long-term sales now includes four of the top five LNG importing markets in the world.
Mitch Ingram, Anadarko executive VP international, deepwater, and exploration, said, “We are excited to take the next step with the expected announcement of an FID for the Mozambique LNG project on June 18 as we remain on track to complete the project financing process and secure final approvals.”
Ingram noted that this new SPA brings the project’s total long-term agreements to 11.1 mtpa.
Anadarko is developing Mozambique’s first onshore LNG facility consisting of two initial LNG trains with a total nameplate capacity of 12.88 mtpa to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.
Anadarko Moçambique Área 1, a unit of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5-percent working interest.
Co-venturers include ENH Rovuma Área (15 percent), Mitsui E&P Mozambique Area1 (20 percent), ONGC Videsh (10 percent), Beas Rovuma Energy Mozambique (10 percent), BPRL Ventures Mozambique (10 percent), and PTTEP Mozambique Area 1 (8.5 percent).