LNG

Sources familiar with the matter were quoted by Reuters as saying that the companies are in talks over a long-term gas import deal.

Anadarko plans to source the initial ten million tons per annum (mtpa) for export from its finds in Area 1 of Rovuma Basin in the African country. The $23bn project is planned to be commissioned by 2021.

Anadarko spokesman John Christiansen said that the company has already signed non-binding deals for over 8mtpa LNG.

"We are progressing to long-term SPAs (sales and purchase agreements) with multiple customers in Asian markets, and we continue to make good progress with our marketing efforts."

The company had allotted two-thirds of the planned 10mtpa capacity from Mozambique project last year, and intends to add further capacity prior to the project’s final investment decision.

Japanese utility Toho Gas had also signed a deal with Anadarko for 0.3mtpa of Mozambican LNG last year, the sources added.

Other parties in talks with Anadarko include China’s National Offshore Oil, Indonesia-based Pertamina, Thailand’s PTT, the UAE and Singapore.

Formed by a consortium of Tokyo Electric Power (Tepco) and Chubu Electric, Jera intends to become cheapest liquefied natural gas buyer in the region.

The JV manages long-term fuel purchases for Tepco and Chubu, and is preparing to oversee LNG supply contracts and purchases from 2016.


Image: Anadarko operates Area 1 of Rovuma Basin in Mozambique. Photo: courtesy of Anadarko Petroleum Corporation.