Anadarko Strikes New Deals on Mozambique LNG
Anadarko announced a pair of sign and purchase agreements (SPA) on the Mozambique LNG project that is gradually moving toward sanction. Mozambique LNG1, the sales entity jointly owned by Anadarko and other co-venturers in Mozambique Offshore Area 1, signed SPAs with Shell and Tokyo Gas and Centrica. Shell’s deal will call for 2 mtpa over a 13-year period, while the Tokyo Gas deal calls for 2.6 mtpa from production startup until the early 2040s.
Anadarko is developing Mozambique’s first onshore LNG plant, which will consist of two initial LNG trains with a total nameplate capacity of 12.88 mtpa, to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.
The Tokyo deal is the second supply deal announced with a major Asian buyer in the last week. Mozambique LNG1 also reached an agreement with CNOOC Gas and Power Singapore for 1.5 mtpa over a 13-year period.
Santos P'nyang Farm-In Advances PNG LNG Expansion
Santos signed a binding letter of intent to acquire a 14.3% interest in Petroleum Retention Licence 3, which contains the P’nyang natural gas field in Papua New Guinea.
Mozambique Approves Rovuma LNG Development Plan
A final investment decision is expected later this year on the project, which will involve the construction of two trains with a combined annual capacity of more than 15 mtpa of LNG.
Trade War Leaves LNG Projects Vulnerable
The escalation of the trade war between the US and China could jeopardize several LNG megaprojects that are awaiting final approval.
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15 May 2019
15 May 2019
14 May 2019