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.”