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Wednesday, December 20, 2017
US independent Anadarko Petroleum and Japanese electric power supplier Tohoku Electric signed an agreement that has the Japanese firm purchasing 280,000 tons of LNG per year from the Palma plant in Cabo Delgado province, Mozambique.
The 15-year agreement will come into effect from 2020, when the project is expected to go into production. This is the first African LNG purchase contract from Tohoku who hopes that this will contribute to a greater diversification of its sources of supply, says the specialized website Natural Gas World. The financial details of the agreement have, however, not been specified.
Anadarko previously signed an agreement with Thailand’s PTT for 2.6 mtpa of LNG out of the 12 mpta that will be produced by the US giant in Mozambique. PTT’s overseas subsidiary, PTTEP, holds a stake in the asset producing the LNG.
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