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Wednesday, February 6, 2019
Anadarko Petroleum Corp., through the Mozambique LNG1 Company, has entered into another Sales Purchase Agreement for LNG from its planned development in Mozambique. The SPA is with Tokyo Gas and Centrica LNG Company, for the long-term supply of LNG.
The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 million tons per annum (mtpa) from the start-up of production at the facility until the early 2040s.
“This innovative co-purchasing agreement with Tokyo Gas and Centrica will ensure a reliable supply of clean-burning natural gas to help meet the energy demands of Japan and Europe. It signals the beginning of a new and lasting relationship between Mozambique’s first onshore LNG development and these two prominent and respected foundation customers,” said Mitch Ingram, Anadarko Executive VP, International, Deepwater & Exploration.
“With the vast resources we have discovered in Area 1 and our capability to compete in global LNG markets, Mozambique LNG is poised to become a key LNG supplier for decades to come. We are excited to support the Japanese government’s desire for competitively priced and flexible long-term supply of LNG to proactively manage demand fluctuations in their home markets and enhance the nation’s energy security. We expect to announce additional SPAs in the near future, as we continue to make demonstrable progress toward taking a final investment decision in the first half of this year.”
Anadarko is developing Mozambique’s first onshore LNG plant 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, Lda, a wholly owned subsidiary of Anadarko Petroleum Corp, operates Offshore Area 1 with a 26.5% working interest. Co-venturers include ENH Rovuma Área 1, Mitsui E&P Mozambique Area1, ONGC Videsh, Beas Rovuma Energy Mozambique, BPRL Ventures Mozambique, and PTTEP Mozambique Area 1.
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