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Anadarko announces LNG SPA with JERA and CPC Corp., Taiwan

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LNG Industry,


Anadarko Petroleum Corp. 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 Corp., Taiwan (CPC).

According to the statement, the SPA calls for the delivered ex-ship supply of 1.6 million tpy for a base term of 17 years from the commercial start date. Mozambique LNG’s portfolio of long-term sales now includes four of the top five LNG importing markets in the world.

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

“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 million tpy, 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 in the process of developing Mozambique's first onshore LNG facility, comprising 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.

According to the statement, Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corp., operates Offshore Area 1 with a 26.5% working interest. Co-venturers include ENH Rovuma Área Um, S.A. (15%), Mitsui E&P Mozambique Area1 Ltd (20%), ONGC Videsh Ltd (10%), Beas Rovuma Energy Mozambique Ltd (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Ltd (8.5%).

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13052019/anadarko-announces-lng-spa-with-jera-and-cpc-corp-taiwan/

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