HOUSTON – Mozambique LNG1 Co. Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Bharat Gas Resources Ltd., a wholly owned subsidiary of Bharat Petroleum Corp. Ltd. (BPCL).
According to Area 1 operator Anadarko Petroleum Corp., the SPA is for 1 MM metric tons per annum (MTPA) for a term of 15 years.
“In addition to BPCL being an upstream equity co-venturer in theMozambique LNG project, we are also pleased to have them as one of our foundation customers,” said Mitch Ingram, Anadarko executive vice president, International, Deepwater & Exploration. “With this agreement, Mozambique LNG now has executed more than 8.5 MTPA of SPAs. India’s role in the global LNG market will continue to grow with Mozambique LNG being a natural supplier given its geographic proximity and 30% Indian state-owned interest in Mozambique LNG. We are grateful to BPCL for its support of Mozambique LNG and look forward to providing a long-term, reliable source of cleaner energy for many years to come.”
Anadarko is developing Mozambique’s first onshore LNG plant consisting of two initial LNG trains with a total nameplate capacity of 12.88 MTPA to support the development of theGolfinho/Atum field located entirely within Offshore Area 1.
Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corp., operates Offshore Area 1 with a 26.5% working interest. Co-venturers include ENH Rovuma Área Um, S.A. (15%), Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Ltd. (8.5%).