Anadarko, EDF Sign Long-Term Liquefied Natural Gas Deal

02/20/18 03:28 AM EST
   By Marc Navarro Gonzalez 

Anadarko Petroleum Corp. (APC) said Tuesday that it has signed a long-term sale-and-purchase agreement to supply liquefied natural gas to Electricite de France SA (EDF.FR) through its Mozambique LNG project.

The Houston-based oil-and-gas producer said the 15-year agreement calls for the supply of 1.2 million tonnes of liquefied natural gas a year.

"Mozambique LNG is unique in its ability to supply liquefied natural gas to a variety of geographic locations to serve its customers, and this agreement gives us flexible access to Europe, which is one of our key strategic markets," said Mitch Ingram, Anadarko's executive vice president for international and deepwater operations and project management.

The Anadarko-operated Mozambique LNG project will be Mozambique's first onshore liquefied-natural-gas development, the company said.


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(END) Dow Jones Newswires

February 20, 2018 03:28 ET (08:28 GMT)

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