Volumes discovered in Area 1 and Area 4 offshore Mozambique have the potential to place the country firmly among the world’s largest exporters of LNG.
Speaking during the Flame conference currently being held in Amsterdam, Andrew Seck, vice president, LNG marketing and shipping at Anadarko said that the volumes discovered by Anadarko and partners in Area 1, as well as Eni and partners in Area 4 have significant potential for growth.
He noted that during the marketing strategy planning for the Mozambique LNG project, Anadarko did not only focus on the two trains capable of producing 12.88 mtpa. The company looked at the marketing strategy for up to six trains because Area 1 could be expanded up to 50 mtpa, Seck said adding that “there is excelent volume on the Eni side that can equally have the similar amount of growth.”
Anadarko said last week it is targeting FID for the Mozambique LNG project on June 18, following a meeting with the president of the country Filipe Nyusi.
Japan’s importing giant JERA and Taiwan’s CPC Corporation were the latest in the list of buyers who signed up for volumes at the project, bringing the total long-term agreements to 11.1 mtpa.
JERA and CPC have jointly booked 1.6 million tonnes of LNG per year on a 17-year deal with the option to exchange volumes based on the fluctuation of their respective demand for the chilled fuel, Seck said.
He stressed that Mozambique LNG’s portfolio of long-term sales now includes four of the top five LNG importing markets in the world.
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).