Anadarko is negotiating the sale of the gas it will operate in Mozambique with nine Indian companies. The company is also in contact with firms in China, Japan and South Korea.
US oil giant Anadarko is in negotiations with nine Indian companies to sell the gas it will operate in Mozambique, Bloomberg reported Monday, citing unidentified but knowledgeable sources.
The companies are Indian Oil, GAIL India and Bharat Petroleum, and are part of the US oil company’s strategy to secure natural gas sales contracts before moving forward with the Final Investment Decision (FID) in Mozambique for gas exploration natural liquid.
Anadarko has already secured the sale of 5.1 million tons of gas per year, but only when it signs contracts for the sale of 8.5 million will it make the decision to invest, according to Bloomberg, which further states that the company is also in contact with companies in China, Japan, South Korea and Indonesia.
“Celebrating this contract validates Mozambique’s position as a long-term competitive LNG supplier and as one of the major new global projects,” said Mitch Ingram, executive vice president of Anadarko.