Breaking News

Anadarko, Pertamina sign LNG sale and purchase agreement

JAKARTA (RambuEnergy.com) – Anadarko Petroleum Corporation (NYSE: APC) said its subsidiary MozambiqueLNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Pertamina, Indonesian state-owned energy company.

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 long-term 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,” Ingram said.

“We are extremely pleased and grateful to Pertamina for selecting Mozambique LNG to be part of its long-term energy portfolio,” Ingram added.

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 Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5% working interest. Co-venturers include ENH Rovuma Área 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%). (*)

Edited by Roffie Kurniawan (email: roffie.kurniawan@gmail.com)

Check Also

TechnipFMC wins EPCI contract for Eni’s Merakes Field offshore Indonesia

JAKARTA (RambuEnergy) - TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announced that it has been awarded a large integrated ...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.