The US-based Anadarko Petroleum Corporation announced on Tuesday that the Mozambique LNG1 Company Pte. Ltd., a sales company owned by the partners in Rovuma Basin Area 1, has signed another Purchase and Sale Agreement (CCV), this time with Pertamina of Indonesia.
The contract provides for the supply of 1 million metric tonnes per year (MTPA) of liquefied natural gas (LNG) over a 20-year period extracted from the Rovuma basin in Cabo Delgado province, northern Mozambique.
“Indonesia is expected to be one of the fastest growing natural gas markets in Asia and Pertamina, Indonesia’s national energy company, will play a key role in meeting Indonesia’s long-term needs,” said Mitch Ingram, Anadarko’s executive vice president for International, Deepwater and Research, quoted in a statement posted on Anadarko’s website.
Ingram added that Mozambique’s LNG project, led by Anadarko, is well placed to make a decision in the first half of this year, as it is well on the way to completing the project funding process, securing the necessary approvals, and securing enough long-term sales contracts, which now total more than 9.5 MTPA.
Anadarko made its first discovery in Offshore Area 1 in 2010. In total, Ingram reported that the company and its partners have discovered about 75 trillion cubic feet of recoverable natural gas.
Anadarko Moçambique Area 1, Lda, is a wholly owned subsidiary of the Anadarko Petroleum Corporation, and the operating company of Offshore Area 1 with a 26.5% stake.
The other partners are ENH Rovuma Area, SA (15%), Mitsui E & P Mozambique Area 1 (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique BV (10%) and PTTEP Mozambique Area 1 Limited (8.5%). (macauhub)