U.S.-based oil and gas company Anadarko Petroleum has entered into another sales agreement for the gas from its operated Mozambique LNG project.
Anadarko said on Tuesday that Mozambique LNG1 Company Pte. Ltd., a jointly owned sales entity of the Mozambique Area 1 co-venturers, had signed a sale and purchase agreement (SPA) with Indonesian state-owned Pertamina.
The SPA is for 1 million tonnes per annum (MTPA) for a term of 20 years.
“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.”
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, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5-percent working interest. Co-venturers include ENH Rovuma Área Um, S.A. (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20 percent), ONGC Videsh (10 percent), Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.V. (10 percent), and PTTEP Mozambique Area 1 Limited (8.5 percent).