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Anadarko announces LNG SPA with CNOOC

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LNG Industry,


Anadarko Petroleum Corp. (APC) has announced that Mozambique LNG1 Co. Pte. Ltd – the jointly owned sales entity of the Mozambique Area 1 co-venturers – has signed an LNG sale and purchase agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Ltd.

According to the statement, the SPA is for 1.5 million tpy of LNG for a 13-year term.

Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration, said: “We are pleased to announce this SPA with CNOOC, an important global energy player in one of the biggest and fastest growing LNG markets in the world.

“This deal gives China’s largest LNG importer access to Mozambique LNG’s world-class gas resources, which are strategically located off the East Coast of Africa, and will provide China with a clean source of energy for years to come.

“Mozambique LNG is extremely pleased to have CNOOC on board as one of our foundation customers.

“This agreement adds to our growing list of customers in the Asia Pacific region, demonstrating the excellent progress we are making toward our stated goal of taking a final investment decision during the first half of this year. We expect to announce further SPAs in the near future.”

The Anadarko-operated Mozambique LNG project will be the first onshore LNG development in Mozambique. It will initially consist of two LNG trains with a total nameplate capacity 12.88 million tpy to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.

Read the article online at: https://www.lngindustry.com/liquefaction/04022019/anadarko-announces-lng-spa-with-cnooc/

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