OFF-TAKE AGREEMENT
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PTT Exploration and Production Plc (PTTEP) has announced that Mozambique LNG1 Co Pte Ltd, the jointly-owned sales entity of PTTEP and other partners of Mozambique Rovuma Offshore Area 1 project, had entered into a long-term LNG Sale and Purchase Agreement (SPA) with Electricity de France, S.A. (EDF), an integrated electricity company headquartered in France.
The off-take agreement calls for the supply of 1.2 million tonnes per annum (MTPA) for a term of 15 years.
“PTTEP endeavors to expedite the development of the Mozambique Rovuma Offshore Area 1 as one of the world’s leading greenfield projects, to increase our petroleum reserves in the future,” said Phongsthorn Thavisin, President for Exploration and Production of PTTEP.
