Mozambique LNG1 Company Pte. Ltd., the trading company of the partners in Mozambique’s Area 1 Block, has signed natural gas sales contracts with the Shell group and British groups Centrica and Japan’s Tokyo Gas Co, the Anadarko Petroleum group reported in statements released in Houston.
The first contract was signed with Shell International Trading Middle East Ltd to supply 2 million tonnes of liquefied natural gas per year during the 13-year contractual period.
The second agreement was signed with Tokyo Gas Co. Ltd and Centrica LNG Company Ltd, a subsidiary of the Centrica group, for the long-term supply of natural gas to be extracted in the Area 1 block of the Rovuma basin, Cabo Delgado province, northern Mozambique.
Under this joint agreement the two groups will acquire 2.6 million tonnes of natural gas per year from the year of the beginning of production until 2040.
The Anadarko Petroleum group said in the statement that the contract with the Shell group alone will guarantee the sale of more than 7.5 million tonnes per year.
The group announced that Mozambique LNG1 Company Pte. Ltd had recently signed a contract with the subsidiary of the Chinese group CNOOC Gas and Power Singapore Trading & Marketing Pte. for 1.5 million tonnes per year over a period of 13 years.
The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 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%).(macauhub)