Anadarko Petroleum Corp has announced that Mozambique LNG1 Co, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing (CNOOC).
The SPA is for 1.5 mill tonnes per annum of LNG for a period of 13 years.
The Anadarko-operated Mozambique LNG project will be the country's first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 mill tonnes per year to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.
In addition, Tokyo Gas and Centrica LNG Co, a subsidiary of UK-based Centrica plc, have also jointly signed a binding SPA with Mozambique LNG1.
Tokyo Gas and Centrica have agreed to jointly purchase 2.6 mill tonnes per annum, delivered ex-ship from Mozambique LNG from the start-up of production until the early 2040s.
These agreements provide the project with key foundation customers to support the final investment decision (FID) by the Mozambique Area 1 joint venture partners, targeted for the first half of 2019.