Anadarko secures binding LNG deals in Mozambique project

Woodlands-based Anadarko said it is pushing forward the Mozambique LNG project while keeping it on track for a final investment decision in the first half of 2019. The company and its co-venturers in the project have made progress on converting the non-binding LNG offtake agreement to fully-termed sale and purchase deals.

This is necessary to secure financing and reach an expected final investment decision in the first half of 2019, the company said in its quarterly report. Subsequent to quarter close, Anadarko and its Area 1 co-venturers completed an LNG SPA with Tohoku Electric Power Company for the supply of 0.28 mtpa of LNG for a period of 15 years.

Anadarko noted that the recommendations for the award of the offshore contractor and equipment providers are awaiting the approval of the government of Mozambique. Site preparation is fully underway at the Afungi onshore site, as major infrastructure and resettlement projects are proceeding as planned, the company said.

Source: LNG World News

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...