Anadarko\u00a0has announced\u00a0Mozambique LNG1 Company, the jointly owned sales entity of the\u00a0Mozambique Area 1 co-venturers, has signed a\u00a0Heads of Agreement (HOA)\u00a0with\u00a0Tokyo Gas\u00a0and\u00a0Centrica LNG\u00a0for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 million tonnes per annum\u00a0(MTPA) from the start-up of production until the early 2040s.<\/p>\n
‘Tokyo Gas and Centrica have a strong global reputation in the industry, and we are delighted they have made this commitment to the Mozambique LNG project,’ said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration. ‘At 2.6 MTPA, this HOA represents a significant portion of the marketing off-take target we have set for FID, and it further reinforces our previous updates on the project, which have stated our focus now is on converting these non-binding commitments into fully termed Sale and Purchase Agreements. Importantly, this HOA brings together the Anadarko-led Mozambique LNG project and two additional prestigious customers, and it is closely aligned with the Japanese government’s desire for a competitively priced and flexible long-term supply of LNG to enhance the nation’s energy security.<\/p>\n
‘This off-take arrangement takes full advantage of Mozambique’s favorable central location, which enables Mozambique LNG to supply customers in both the European and Asian-Pacific markets,’ added Ingram. ‘The innovative co-purchasing arrangement provides flexibility to assist both customers in proactively managing demand fluctuations in their own home markets.’<\/p>\n
The\u00a0Anadarko-operated Mozambique LNG project\u00a0will be Mozambique’s first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 MTPA to support the development of the\u00a0Golfinho\/Atum fields located entirely within Offshore Area 1.<\/p>\n
Anadarko\u00a0operates\u00a0Offshore Area 1\u00a0with a 26.5-percent working interest. Co-venturers include\u00a0ENH Rovuma Area Um\u00a0(15 percent),\u00a0Mitsui E&P Mozambique Area1\u00a0(20 percent),\u00a0ONGC Videsh\u00a0(10 percent),\u00a0Beas Rovuma Energy Mozambique\u00a0(10 percent),\u00a0BPRL Ventures Mozambique\u00a0(10 percent), and\u00a0PTTEP Mozambique Area 1\u00a0(8.5 percent).<\/p>\n","protected":false},"excerpt":{"rendered":"