- Earlier this week Anadarko Petroleum Corporation announced that their Mozambique LNG gas operation have signed a Sale and Purchase Agreement (SPA) with Japans JERA and CPC Corporation, Taiwan.
- The SPA calls for the delivered ex-ship supply of 1.6 million tonnes per annum (MTPA) 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 in the world but the bulk of Mozambique’s LNG sales are destined for Asian markets.
“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 Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration.
“We are excited to take the next step with the expected announcement of a Final Investment Decision (FID) for the Mozambique LNG project on June 18, as we remain on track to complete the project financing process and secure final approvals. This new SPA brings our total long-term agreements to 11.1 MTPA, and we are extremely pleased and grateful to JERA and CPC for selecting Mozambique LNG to be part of their long-term energy portfolio,” Ingram added.
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.
The news comes after Anadarko’s recent announcement that it has agreed to be acquired by Occidental Petroleum Corporation. Read more
Liquefied natural gas (LNG) is a composition of methane and some mixture of ethane used to convert natural gas to liquid form for ease and safety of storage transport. It is odourless, non-corrosive and non-toxic. LNG is normally warmed to make natural gas to be used in heating and cooking as well as electricity generation and other industrial uses.
Author: Bryan Groenendaal
