Japanese company Tohoku Electric announced that it has reached an agreement for the purchase and sale of up to 280,000 tonnes of liquefied natural gas (LNG) per year, explored by an Anadarko-led consortium in the Rovuma basin in the northern province of Cabo Delgado. Mozambique.
The contract provides for the purchase and sale of LNG extracted by Anadarko in Area 1 for 15 years. Gas exploration operations are expected to start in the area in 2020. Tohoku Electric, which is based in Sendai, believes that the supply of LNG will help diversify its energy sources.
Anadarko and its partners, including Mozambican state oil company Empresa Nacional de Hidrocarbonetos (ENH), discovered more than 75 Tcf (trillion cubic feet) of natural gas at the Prosperidade and Golfinho/Atum fields in Area 1.
The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 15%, Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).
The gas extracted from these areas will be sent to an LNG terminal on the Afungi peninsula, in the province of Cabo Delgado. This is Tohoku’s first long-term agreement, as well as its first agreement in Africa. MDT/Macauhub
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