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Anadarko announces Mozambique LNG SPA with Shell

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LNG Industry,


Anadarko Petroleum Corporation 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 Shell International Trading Middle East Ltd. The SPA is for 2 million tpy of LNG for a term of 13 years.

“We are very pleased to announce this SPA with Shell, which builds upon previously announced deals and takes our total long-term sales to more than 7.5 million tpy, with additional deals expected in the near future,” said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration. “With demand for LNG expected to grow worldwide in the middle of the next decade, Shell's strong global reputation in LNG, combined with Mozambique LNG's significant resource and favourable geographic location, create a unique opportunity to provide customers with a long-term, reliable supply of clean energy. Mozambique LNG is extremely pleased to have Shell onboard as a foundation customer, and the Shell deal adds to our growing list of high-quality customers 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 are confident that through this deal, LNG from Mozambique will find its way to a diverse number of markets across the globe.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05022019/anadarko-announces-mozambique-lng-spa-with-shell/

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