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 Acquires ConocoPhillips Australian Assets for $1.39 Billion
The deal for ConocoPhillips’s northern Australian portfolio will help the Australian company boost its position in the country’s gas market, as it gains majority ownership in a set of key assets including Darwin LNG and the Barossa project.
Total Expands Partnership With Adani on India’s Gas Market
The agreement—in which Total will reportedly pay $600 million for a 37.4% stake in the Indian gas conglomerate—boosts the supermajor’s LNG market access in India and neighboring countries. It is the latest move in Total’s aggressive expansion of its LNG portfolio.
FERC Delays Jordan Cove Environmental Review
The US Forest Service, which is working with FERC to prepare the review of the export terminal off the Oregon coast, said it only recently received critical information needed to complete amendments to its land and resource management plans. First gas is scheduled for 2025.
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