Anadarko Petroleum Corporation announced that it finalized two agreements with the Government of Mozambique known as the “marine concessions” which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique.
Anadarko considers this as a key milestone and anticipates to begin resettlement, which will enable the construction of a LNG plant. In addition, the company said it continues to make good progress with efforts to secure long-term LNG Sales and Purchase Agreements (SPAs) with premier buyers. Anadarko is developing Mozambique’s first onshore LNG plant consisting of two initial LNG trains with a total capacity of 12 million tonnes per annum (MTPA) to support the Golfinho/Atum field located entirely within Offshore Area 1.
Anadarko operates Offshore Area 1 with a 26.5-percent working interest. Co-venturers include Empresa Nacional de Hidrocarbonetos E.P. (ENH) (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20 percent), ONGC Videsh Ltd. (16 percent), Bharat PetroResources Ltd. (10 percent), PTT Exploration & Production Plc (8.5 percent), and Oil India Ltd. (4 per)
Mozambique LNG is emerging as a future leader in the global LNG industry as it works to develop an LNG facility on the Afungi peninsula in Cabo Delgado province.
With approximately 75 trillion cubic feet of recoverable natural gas discovered in the Offshore Area 1, the Mozambique LNG Project represents an extraordinary opportunity to meet increasing world demand for a sustainable, reliable and cleaner source of energy.
