Anadarko firms up Mozambique LNG sale deal with CNOOC

Anadarko firms up Mozambique LNG sale deal with CNOOCImage courtesy of Anadarko

US independent Anadarko has signed a deal for the sale of liquefied natural gas from its Mozambique LNG project with CNOOC Gas and Power Singapore Trading & Marketing. 

The SPA is for 1.5 million tonnes per annum (mtpa) for a term of 13 years, the company said in its statement on Friday.

Mitch Ingram, Anadarko executive vice president, international, deepwater & exploration, said, “this agreement adds to our growing list of customers in the Asia-Pacific region, demonstrating the excellent progress we are making toward our stated goal of taking a final investment decision during the first half of this year.”

He added that further SPAs will be signed in the near future.

The Anadarko-operated Mozambique LNG project will be Mozambique’s first onshore LNG development, initially consisting of two LNG trains with a total nameplate capacity of 12.88 mtpa to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.

Anadarko and its partners have discovered more than 75 Tcf of natural gas resources in the Prosperidade and Golfinho/Atum complexes in Mozambique’s Offshore Area 1, which will be used to feed an onshore LNG terminal on the Afungi peninsula in Cabo Delgado province.

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).

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