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Anadarko Announces LNG Sale and Purchase Agreement with Pertamina

ANADARKO PETROLEUM (APC) 
Last anadarko petroleum earnings: 7/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.anadarko.com
Company Research Source: PR Newswire
HOUSTON, Feb. 19, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Pertamina. The SPA is for 1 million tonnes per annum (MTPA) for a term of 20 years.    "Indonesia is expected to be one of the fastest growing natural gas markets in Asia and Pertamina, the national energy company of Indonesia, will play a key role in meeting Indonesia's long-term energy needs," said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration. "The Anadarko-led Mozambique LNG project is well positioned to make a sanctioning decision in the first half of this year, as we remain on track to complete the project financing process, secure the necessary approvals, and have executed a sufficient volume of long-term SPAs, which now total more than 9.5 MTPA. We are extremely pleased and grateful to Show less Read more
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