Anadarko agrees Mozambique LNG export deal
Published by Will Owen,
According to the latest Reuters report, Anadarko Petroleum’s plans to export LNG from Mozambique have advanced a step closer to completion after the signing of a 15-year LNG sales and purchase agreement (SPA) with Electricite de France (EDF).
The French utility has agreed to purchase 1.2 million tpy of LNG from the Mozambique Area 1 marketing venture led by Anadarko and consisting of Mitsui, ONGC Videsh and PTT (among others).
In all, Anadarko has reportedly agreed commercial terms for 5.1 million tpy of LNG off-take deals from Mozambique, closing in on its 8.1 million tpy target needed to trigger a final investment decision (FID).
The Texas-based energy company is working on plans to build a plant – estimated to cost around US$15 billion – and start exporting LNG from Mozambique’s offshore Area 1 block in 2022 or 2023.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20032018/anadarko-agrees-mozambique-lng-export-deal/
You might also like
Keep liquefaction running smoothly with Panametrics
Accurate flow rate measurement during LNG liquefaction is essential. But how do you know if your flow meter can handle potential pressure drops, temperature changes, and the extreme conditions of the cryogenic process? Download Panametrics’ new case study to learn how its flow meters can deliver extremely accurate LNG flow measurements.