Anadarko Petroleum has announced that Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA) and CPC Corporation, Taiwan (CPC).
The SPA calls for the delivered ex-ship supply of 1.6 million tonnes per annum (MTPA) for a base term of 17 years from the commercial start date.
"This co-purchasing agreement with JERA and CPC brings together two prominent Asian foundation customers and will ensure a reliable supply of cleaner energy to meet the growing demands of both Japan and Taiwan," said Mitch Ingram, Anadarko executive vice president, International, Deepwater & Exploration. "We are excited to take the next step with the expected announcement of a Final Investment Decision (FID) for the Mozambique LNG project on June 18, as we remain on track to complete the project financing process and secure final approvals. This new SPA brings our total long-term agreements to 11.1 MTPA, and we are extremely pleased and grateful to JERA and CPC for selecting Mozambique LNG to be part of their long-term energy portfolio."
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 operates the 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 Ltd. (20 per cent), ONGC Videsh Ltd. (10 per cent), Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.V. (10 per cent), and PTTEP Mozambique Area 1 Limited (8.5 per cent).