LNG

French energy major Total will make a final investment decision on the Nigeria liquefied natural gas expansion project to build a seventh Train by the end of the year and said that its acquisition of Mozambique LNG assets fits well into its growth strategy.

Occidental Petroleum Corp. recorded a fall in second-quarter profits as it advanced with its takeover of Anadarko Petroleum whose shareholders are scheduled to vote on the deal on August 8, deciding the final destination of a major stake in Mozambique LNG.

ExxonMobil Corp. and Eni of Italy said their Mozambique LNG export project for the Area 4 licence of the offshore Rovuma Basin had been approved by the government of the southeast African nation.

Indonesia, the Asian liquefied natural gas producing country, has signed an agreement to receive LNG shipments from the Mozambique export project in the southeast African nation being developed by Anadarko Petroleum of the US.

Anadarko Petroleum Corp. of the US said the joint venture partners developing the onshore LNG export project with feed-gas assets from the Rovuma Basin in Mozambique have signed a Sale and Purchase Agreement with the Chinese major, China National Offshore Oil Corp.

Thailand’s state energy company PTT Exploration and Production said that the Mozambique LNG export project it is a part of is progressing well towards a final investment decision in the first half of 2019 as the joint venture partners sold more volumes.

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.

Anadarko Petroleum Corp, the US oil and natural gas producer onshore and in the Gulf of Mexico, posted a first-quarter net profit as it also made continued progress on the Mozambique LNG export project in southeast Africa.