JERA and CPC co-sign 17-year LNG SPA with Anardarko
May 13, 2019
JERA and CPC Corporation have jointly signed an SPA with Mozambique LNG1 Company, the jointly owned sales entity of the Mozambique Area 1 co-venturers. JERA and CPC will jointly purchase 1.6 MTPA of LNG for the base term of 17 years from the commercial start date. A European gas price index is used as part of the contract price formula for this SPA.
Edited from JERA press release.