Anadarko Petroleum to supply LNG from Mozambique to Thailand

LNG carrierPTTEP is also in talks for LNG supply from the US and Australia. (Image source: Ken Hodge/Flickr)Anadarko Petroleum has signed a preliminary supply deal with Thailand’s PTT Exploration and Production (PTTEP) to sell 7.3mn cubic metres per year of LNG from Rovuma Basin offshore Mozambique

The sale is expected to start after the construction of LNG plant at Cape Afungi in Cabo Delgado Province in northern Mozambique, that is due onstream in 2018.

According to the Thai oil and gas company, this is the latest in a string of efforts by the Southeast Asian nation to secure long-term energy supplies.

Anadarko Petroleum is the major shareholder and operator of Rovuma Offshore Area 1 in Mozambique. PTTEP has an 8.5 per cent interest in the field while India’s Bharat Petroleum Corp owns 10 per cent with Mozambique’s state-owned ENH holding the remaining 15 per cent.

Tevin Vongvanich, PTTEP’s chief executive, said, “We are also in talks with Mozambique state officials about regulations on petroleum business in the country and negotiating with owners of fields close to Area 1 about the possibility of cooperation.”

PTTEP had previously said it was also in talks to buy LNG from producers in the US and Australia, Reuters reported.

Rovuma Offshore Area 1 is estimated to hold recoverable gas reserves of between 991bn cubic metres and 1.84 trillion cubic metres.

 

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