LNG

Thailand national energy company PTT Exploration and Production (PTTEP), whose LNG assets include a stake in the Mozambique LNG export project in Area 1 of the Rovuma Basin, reported a 23 percent jump in first-quarter net income as it secured more exploration acreage and a floating LNG stake in Malaysia.

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 yet another Sale and Purchase Agreement and this time with a subsidiary of stakeholder Bharat Petroleum Corp. of India.