The U.S. energy company Anadarko Petroleum signed a deal with CNOOC Gas and Power Singapore for the sale of LNG from its Mozambique LNG project late Friday.
The company confirmed the sales and purchase agreement is for 1.5 million tonnes of LNG per annum for a term of 13 years.
"We are pleased to announce this agreement with CNOOC, an important global energy player in one of the biggest and fastest growing LNG markets in the world," said Mitch Ingram, Anadarko executive vice president of International, Deepwater and Exploration.
"This deal gives China's largest LNG importer access to Mozambique LNG's world-class gas resources, which are strategically located off the East Coast of Africa, and will provide China with a clean source of energy for years to come," Ingram added.
Ingram said the agreement contributes to Anadarko's growing list of customers in the Asia-Pacific region, demonstrating the progress the company is making towards its goal of making further investment decisions in the near future.
The Anadarko-operated Mozambique LNG project will be Mozambique’s first onshore LNG development, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum.
Anadarko and its partners have discovered more than 75 trillion cubic feet of natural gas resources in the Prosperidade and Golfinho/Atum complexes in Mozambique’s Offshore Area 1, which will be used to feed an onshore LNG terminal on the Afungi peninsula in the Cabo Delgado province.
By Murat Temizer