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    13 May, 2019
Anadarko reaches agreement with JERA and CPC
 
Maputo, 13 May (AIM) – The Anadarko Petroleum Corporation on Monday announced that the Mozambique LNG1 Company, owned by Anadarko and its partners in exploiting the natural gas in Area One of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, has signed a Sale and Purchase Agreement (SPA) with JERA of Japan and the CPC Corporation, of Taiwan.

According to an Anadarko press release this agreement calls for the supply of 1.6 million tonnes a year of liquefied natural gas (LNG) for a period of 17 years. The long term sales agreement reached by Anadarko and its partners, the release says, “now includes four of the top five LNG importing markets in the world”.

"This co-purchasing agreement with JERA and CPC brings together two prominent Asian foundation customers and will ensure a reliable supply of cleaner energy to meet the growing demands of both Japan and Taiwan," said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater and Exploration.

"We are excited to take the next step with the expected announcement of a Final Investment Decision (FID) for the Mozambique LNG project on June 18, as we remain on track to complete the project financing process and secure final approvals”, Ingram added.” This new SPA brings our total long-term agreements to 11.1 million tonnes a year, and we are extremely pleased and grateful to JERA and CPC for selecting Mozambique LNG to be part of their long-term energy portfolio."

The Rovuma Basin Area One consortium consists of Anadarko (with 26.5 per cent), Mitsui of Japan (20 per cent), PTTEP of Thailand (8.5 per cent), the three Indian companies ONGC Videsh, Beas Rovuma Energy, and BRPL Ventures (each with ten per cent), and Mozambique’s own National Hydrocarbon Company, ENH (15 per cent).

The consortium plans to build two LNG factories (known as “trains”) on the Afungi Peninsula in the Cabo Delgado district of Palma, which will have a capacity to produce 12.88 million tonnes of LNG a year. The gas to be processed will come from the Golfinho/Atum fields, which lie entirely within Area One. 

Anadarko itself is about to be swallowed up by Occidental Petroleum, which is buying the entire company for 38 billion dollars. But Occidental will not take over Anadarko’s position as operator of Rovuma Basin Area One. It had already struck a deal with the French company Total to sell all of Anadarko’s African assets, including the Anadarko holding in the Rovuma Basin, to Total for 8.8 billion dollars.

This makes no difference to the plans for the Final Investment Decision or to the various SPAs that Anadarko has signed.
(AIM)
 
 
  13 May, 2019  
 
Anadarko reaches agreement with JERA and CPC
 
The Anadarko Petroleum Corporation on Monday announced that the Mozambique LNG1 Company, owned by Anadarko and its partners in exploiting the natural gas in Area One of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, has signed a Sale and Purchase Agreement (SPA)

 
  13 May, 2019  
 
Cyclone Idai wiped out over 80,000 hectares of crops
 
A complete assessment of the impact of cyclone Idai on Mozambican agriculture shows that it devastated 813,000 hectares of crops in the 71 districts affected by the cyclone, according to Agriculture Minister Higino de Marrule.

 
  10 May, 2019  
 
More than a quarter of a million new electricity connections
 
New connections to the national electricity grid benefitted 257,490 households in 2018, according to the chairperson of Mozambique’s publicly-owned electricity company, EDM, Aly Sicola.

 


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