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Mozambique LNG signed sale and purchase agreement with Pertamina

Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 coventurers, signed a Sale and Purchase Agreement (SPA) with Pertamina.

Mozambique LNG signed sale and purchase agreement with Pertamina Mozambique LNG signed sale and purchase agreement with Pertamina

Maputo, February 20 - Neftegaz.RU. Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 coventurers, signed a Sale and Purchase Agreement (SPA) with Pertamina.

Anadarko Petroleum reported this on February 19, 2019.

 

The SPA is for 1 million tonnes per annum (MTPA) for a term of 20 years.

 

“Indonesia is expected to be one of the fastest growing natural gas markets in Asia and Pertamina, the national energy company of Indonesia, will play a key role in meeting Indonesia’s longterm energy needs,” said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration.

“The Anadarko-led Mozambique LNG project is well positioned to make a sanctioning decision in the first half of this year, as we remain on track to complete the project financing process, secure the necessary approvals, and have executed a sufficient volume of long-term SPAs, which now total more than 9.5 MTPA. We are extremely pleased and grateful to Pertamina for selecting Mozambique LNG to be part of its long-term energy portfolio.”

 

Anadarko is developing Mozambique’s first onshore LNG facility consisting of two initial LNG trains with a total nameplate capacity of 12.88 MTPA to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.

Anadarko Mocambique Area 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5-percent working interest.

Co-venturers include ENH Rovuma Area Um, S.A. (15%), Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).

 

To read this news in Russian.

 

Source : Neftegaz.RU