Anadarko signs Mozambique LNG SPA with Pertamina

Anadarko signs Mozambique LNG SPA with PertaminaImage courtesy of Anadarko

The Woodlands-based Anadarko Petroleum said it has firmed up another Mozambique LNG sale and purchase agreement, agreeing to supply 1 mtpa to Indonesia’s state-owned oil and gas company Pertamina. 

The deal signed by Mozambique LNG1 Company, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has a term of 20 years, Anadarko said in a statement.

“Indonesia is expected to be one of the fastest growing natural gas markets in Asia and Pertamina, the national energy company of Indonesia, will play a key role in meeting Indonesia’s long-term energy needs,” said Mitch Ingram, Anadarko executive vice president, international, deepwater & exploration.

“The Anadarko-led Mozambique LNG project is well positioned to make a sanctioning decision in the first half of this year, as we remain on track to complete the project financing process, secure the necessary approvals, and have executed a sufficient volume of long-term SPAs, which now total more than 9.5 mtpa,” he said.

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).

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