trending Market Intelligence /marketintelligence/en/news-insights/trending/2kf5yKVHbWOnKc2vS994WQ2 content esgSubNav
In This List

Anadarko plans to sign tanker charters for Mozambique LNG project

Blog

Global M&A By the Numbers: Q3 2021

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?


Anadarko plans to sign tanker charters for Mozambique LNG project

Anadarko Petroleum Corp. plans to sign long-term charters for about 16 LNG vessels for its planned natural gas liquefaction facility in Mozambique, as it targets a final investment decision on the $20 billion project in the coming months, Reuters reported March 21.

The project's total committed volumes stand at over 9.5 million tonnes per annum of LNG out of a total nameplate capacity of 12.88 mtpa. All contracts were on a delivered ex-ship basis, according to Anadarko.

"While the specifics of the tendering process are confidential, the project plans to enter into long-term time charters with selected ship owners rather than own the vessels," Anadarko spokeswoman Helen Rhymes told Reuters. "An invitation to tender will be issued sometime after [final investment decision]."

The Mozambique Area 1 onshore LNG plant is designed to comprise two initial LNG trains and support the development of the Golfinho/Atum gas field in Offshore Area 1, operated by Anadarko subsidiary Anadarko Mozambique Area I Ltda. The government of Mozambique approved the project in February 2018.

Anadarko, through Mozambique LNG1 Co. Pte. Ltd., the sales arm of the Mozambique Area 1 project, in February agreed to supply Indonesian state-owned oil and gas company PT Pertamina (Persero) with LNG. Anadarko also has supply deals with Royal Dutch Shell plc, Tokyo Gas Co. Ltd., U.K.-based Centrica PLC, China's CNOOC Ltd. and India's Bharat Gas Resources Ltd.