Mozambique LNG1 Company Pte., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Pertamina.
According to Anadarko Petroleum Corporation the first onshore LNG developers 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.
“We are extremely pleased and grateful to Pertamina for selecting Mozambique LNG to be part of its long-term energy portfolio.”
Anadarko Moçambique Área 1, Lda, is a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5-percent working interest.
Co-venturers include ENH Rovuma Área Um, S.A. with 15 percent, Mitsui E&P Mozambique Area1 Ltd. with 20 percent, ONGC Videsh Ltd. with 10 percent, Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.V. with 10 percent, and PTTEP Mozambique Area 1 Limited with 8.5 percent.