Chinese group CNOOC buys natural gas to be extracted in Mozambique

The China National Offshore Oil Corporation (CNOOC) will buy 1.5 million tons of natural gas per year to be extracted and processed in Mozambique over a 13-year contractual period, US group Anadarko Petroleum said.

The group"s statement also said that the sale contract was signed by Mozambique LNG1 Company Pte. Ltd., the trading company of the partners of the Mozambican Area 1 Block, with the subsidiary of the Chinese group CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd.

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