British energy supplier Centrica and Tokyo Gas Co. have agreed to jointly purchase 2.6 million tonnes a year (mtpy) of LNG from Mozambique LNG Company Pte Ltd, the firms said on Feb. 5.
Centrica LNG Company Ltd, a subsidiary of Centrica, and the Japanese energy company said the LNG will be delivered ex-ship from Mozambique LNG from the start-up of production until the early 2040s.
Mozambique LNG1 is owned by U.S. oil and gas producer Anadarko Petroleum Corporation and partners in a consortium which is developing the project aimed at serving both the Asia-Pacific and European markets.
It will consist of two liquefaction trains with the capacity to produce 12.88 mtpy in its initial phase and is expected to be completed by 2023-2024.
A final investment decision is expected this year.
Separately, Anadarko said Mozambique LNG1 Company has signed an agreement with Shell International Trading Middle East Ltd. for 2 mtpy of LNG for 13 years.
Octávio Simões, an industry veteran with more than 30 years of experience who most recently led Sempra LNG, will serve as senior adviser to Tellurian CEO Meg Gentle
Developing the Pacific island nation’s gas reserves is seen as crucial to its economy as LNG is its biggest export earner, while demand for the fuel is surging globally.
Cheniere Energy is seeking repayment of a $46 million loan in 2015 that former chairman and CEO Charif Souki helped arrange, according to a court filing dated Feb 15.