LNG

Oct 15 (LNGJ) - Tohoku Electric, the Japanese utility with 7.6 million individual and corporate customers in six prefectures on Honshu Island, said it signed an agreement to receive cargoes from the onshore Mozambique LNG export project in southeast Africa being developed by US company Anadarko Petroleum with feed-gas from the Area 1 licence block of the Rovuma Basin. The deliveries will amount to 280,000 tonnes per annum for 15 years from the start of 2020s. The shipments will be on a delivered basis whereby the price includes the shipping costs. Anadarko has a 26.5 percent stake in Mozambique Area 1 and Japanese trading house Mitsui holds 20 percent. Three Indian companies, Bharat Petro Resources, ONGC Videsh and Oil India Ltd., hold a further 30 percent. The other stakeholders in Area 1 are the Thai energy company PTT Exploration and Production and the Mozambique state-owned oil and gas firm ENH.