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Anadarko signs LNG deal with Electricité de France for Mozambique project

Anadarko Petroleum Corp. signed a 15-year LNG sales and purchase agreement with the French state utility Electricité de France SA for its LNG project in northern Mozambique.

The utility, known as EDF, will take 1.2 million tonnes per annum of LNG from the Anadarko-operated Mozambique Area 1 onshore LNG plant, according to a Feb. 20 news release.

"Mozambique LNG is unique in its ability to supply LNG to a variety of geographic locations to serve its customers, and this [agreement] gives us flexible access to Europe, which is one of our key strategic markets." said Anadarko Executive Vice President Mitch Ingram. "The EDF sale is included in the portfolio of sales of more than 5 MTPA for which we have agreed key terms, and we continue to advance additional off-take arrangements."

Anadarko recently garnered the approval of Mozambique's council of ministers for the Area 1 LNG plant's development plan. It would have two initial LNG trains and a total capacity of 12 mtpa. Anadarko also signed an agreement with Japan's Tohoku Electric Power Co. Inc. in the fourth quarter of 2017 under which the utility will purchase gas volumes from the project.

Anadarko is a global petroleum and natural gas exploration and production company based in The Woodlands, Texas.