Anadarko announces Mozambique LNG SPA
Published by Will Owen,
Editor
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).
Mozambique LNG has signed the agreement, for 1 million tpy over a term of 15 years, with Bharat Gas Resources Ltd., a wholly owned subsidiary of Bharat Petroleum Corporation Ltd. (BPCL).
“In addition to BPCL being an upstream equity co-venturer in the Mozambique LNG project, we are also pleased to have them as one of our foundation customers,” said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration. “With this agreement, Mozambique LNG now has executed more than 8.5 million tpy of SPAs. India’s role in the global LNG market will continue to grow with Mozambique LNG being a natural supplier given its geographic proximity and 30% Indian state-owned interest in Mozambique LNG. We are grateful to BPCL for its support of Mozambique LNG and look forward to providing a long-term, reliable source of cleaner energy for many years to come.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/15022019/anadarko-announces-mozambique-lng-spa/
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