LNG

Dec 22 (LNGJ) - Anadarko Petroleum, the US company with LNG plans for the southeast African nation of Mozambique, has agreed to sell its operated and non-operated upstream plays and midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Resources for around $1.24 billion. The midstream assets in the Marcellus owned by Western Gas Partners are excluded from the agreement. The Marcellus Shale sell-off includes 195,000 net acres and sales volumes from the properties of 470 million cubic feet per day. “With this transaction, we have announced or closed monetizations totaling well in excess of $5 billion in 2016, while principally focusing Anadarko's US onshore activities on our world-class oil-levered assets in the Delaware and DJ basins,” said Al Walker, Anadarko Chairman, President and Chief Executive.