Anadarko Petroleum Corp. (NYSE: APC) said on Feb. 20 that Mozambique LNG1 Co. Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG sale and purchase agreement with Électricité de France SA (EDF).
The off-take agreement calls for the supply of 1.2 million tonnes per annum (mtpa) for a term of 15 years.
“Mozambique LNG is unique in its ability to supply LNG to a variety of geographic locations to serve its customers, and this [agreement] gives us flexible access to Europe, which is one of our key strategic markets,” Mitch Ingram, Anadarko’s executive vice president of international & deepwater operations and project management, said.
“We anticipate the future development of Mozambique LNG will open new opportunities for the country and serve as a growth platform for its ongoing development,” he added.
The Anadarko-operated Mozambique LNG project will be Mozambique’s first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 mtpa to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.
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 SA (15%), Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Ltd. (10%), BPRL Ventures Mozambique BV (10%), and PTTEP Mozambique Area 1 Ltd. (8.5%).