Anadarko closes in on final Mozambique LNG decision with another supply deal


Anadarko closes in on final Mozambique LNG decision with another supply deal

U.S. independent energy producer Anadarko has notched up another long-term commitment to buy liquefied natural gas (LNG) from its proposed Mozambique terminal, moving closer to approving the multi-billion dollar project.

Anadarko and Exxon Mobil are expected to sanction two separate but neighbouring LNG projects in Mozambique this year after finding giant offshore gas deposits, turning the African nation into a major global gas exporter.

The company said on Friday it had struck a sales and purchase agreement (SPA) with India’s Bharat Petroleum Corporation Ltd for 1 million tonnes per annum (mtpa) for 15 years. Read More

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