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Anadarko signs Mozambique LNG deal with India's Bharat

Feb 17, 2019
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Anadarko Petroleum has signed a sale and purchase agreement with India’s Bharat Gas Resources for its Mozambique Area 1 liquefied natural gas project. The SPA is for 1 million tonnes per annum (MTPA) over 15 years.

Anadarko is developing Mozambique's first onshore LNG plant 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.

"In addition to BPCL being an upstream equity co-venturer in the Mozambique LNG project, we are also pleased to have them as one of our foundation customers," said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration.

"With this agreement, Mozambique LNG now has executed more than 8.5 MTPA of SPAs. India's role in the global LNG market will continue to grow with Mozambique LNG being a natural supplier given its geographic proximity and 30-percent Indian state-owned interest in Mozambique LNG. We are grateful to BPCL for its support of Mozambique LNG and look forward to providing a long-term, reliable source of cleaner energy for many years to come," he added.

Anadarko Moçambique Área 1, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5-per cent working interest. Co-venturers include ENH Rovuma Área Um, S.A. (15 per cent), Mitsui E&P Mozambique Area1 (20 per cent), ONGC Videsh (10 percent), Beas Rovuma Energy Mozambique (10 per cent), BPRL Ventures Mozambique B.V. (10 per cent), and PTTEP Mozambique Area 1 (8.5 per cent).

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