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Anadarko signs LNG SPA with Pertamina

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Anadarko Petroleum Corp. has announced that Mozambique LNG1 Co. Pte. Ltd – the jointly owned sales entity of the Mozambique Area 1 co-venturers – has signed an LNG sales and purchase agreement (SPA) with Pertamina.

According to the statement, the SPA is for 1 million tpy for a 20-year term.

Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration, said: “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.

“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 million tpy. We are extremely pleased and grateful to Pertamina for selecting Mozambique LNG to be part of its long-term energy portfolio.”

Anadarko is developing the first onshore LNG facility in Mozambique. It will consist of two initial LNG trains with a total nameplate capacity of 12.88 million tpy to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.

Read the article online at: https://www.lngindustry.com/liquefaction/20022019/anadarko-signs-lng-spa-with-pertamina/

 

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