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    Reuters: Anadarko in Talks with Japanese JV Jera for Mozambique LNG Deal

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Summary

Anadarko Petroleum is in takes with Japan's Jera, soon to be the world's biggest buyer of LNG, for a long-term supply contract for Mozambique's gas

by: Erica Mills

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Press Notes, Africa

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Reuters: Anadarko in Talks with Japanese JV Jera for Mozambique LNG Deal

Anadarko Petroleum is in talks with newly formed Japanese joint-venture vehicle Jera, set to become the world's biggest buyer of liquefied natural gas (LNG), to sell long-term supply from its Mozambique export scheme.

The U.S. oil major's gas finds in Area 1 of Mozambique's Rovuma Basin will feed the initial 10 million tonnes per annum (mtpa), $23 billion LNG export project, which is due to start by 2021.

Jera is a joint venture between Tokyo Electric Power Co (Tepco) and Chubu Electric, Japan's biggest and third-biggest utilities, set up in April with an aim to become the cheapest LNG buyer in East Asia.

Read the full article HERE.

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