Mozambique Oil & Gas: Energy Minister in Thailand to secure 2.6M/t Anadarko LNG sale

PTTEP-New-Shares-to-Be-Eligible-to-Existing-Shareholders-Thailand
PTTEP has recntly opened an office in Mozambique Maputo capital city.

The commercial promotion of natural gas to be extracted over the next decade in the Rovuma basin in northern Mozambique is one of the issues on the agenda of the Minister of Mineral Resources and Energy of Mozambique on a visit to Thailand, the Ministry said in a statement released in Maputo.

The statement said Minister Max Tonela will try to secure from the Thai authorities the sale of 2.6 million tons of liquefied natural gas (LNG) that was negotiated with the consortium of the Area 1 block, led by the US group Anadarko Petroleum.

The Minister of Mineral Resources and Energy will also assess the degree of compliance with the memorandum of understanding signed with Thailand.

The Area 1 consortium includes PTTEP Mozambique Area 1 Limited, a subsidiary of Thai state group PTT Exploration and Production, which in 2012 acquired an 8.5% stake in Irish company Cove Energy.

Also present in Mozambique is the Thai group Ital-Thai Development, through its subsidiary Thai Mozambique Logística, involved in the construction of the Moatize-Macuse Logistics Corridor, which will establish a rail link between the provinces of Tete and Zambézia. (source: macauhub)

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