Anadarko in Talks with Japanese JV for Mozambican LNG Sale

Anadarko Petroleum is in talks with Japanese joint venture Jera to sell Mozambican LNG, reported Reuters.

Jera is a joint venture between Tokyo Electric Power Co and Chubu Electric to secure stable and competitively priced LNG.

A Jera spokesperson told Reuters the venture is in talks with various firms on new supplies but could not give details on individual projects due to confidentiality agreements.

"Anadarko are in talks with Jera to discuss potential Mozambique sales," one of the sources told the news agency.

Anadarko spokesman John Christiansen said the project has more than 8 mtpa of LNG signed in non-binding deals, up on 2014 levels.

"We are progressing to long-term SPAs (sales and purchase agreements) with multiple customers in Asian markets, and we continue to make good progress with our marketing efforts," Christiansen said.