Plans for mega LNG project submitted in Mozambique

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A joint venture owned by ExxonMobil, Eni and CNPC has submitted a development plan for the first phase of the Rovuma LNG project off Mozambique.

Project partners intend to design and build two liquefied natural gas trains which will each produce 7.6 million tons of LNG per year.

LNG production from the Mamba fields in block 4 is expected to commence in 2024.

Rovuma LNG is operated by Mozambique Rovuma Venture, an incorporated joint venture owned by ExxonMobil, Eni and CNPC.

It holds a 70% interest in the area 4 concession alongside its partners Galp, Kogas and Empresa Nacional de Hidrocarbonetos, each of which hold a 10% interest.

ExxonMobil will lead construction and operation of natural gas liquefaction and related facilities on behalf of the joint venture, and Eni will lead construction and operation of upstream facilities.

Liam Mallon, president of ExxonMobil Development Company, said: “We are excited to be progressing the Rovuma LNG project, working with the government and leveraging the expertise and capabilities of all of the partners.”

Stefano Maione, Eni’s executive vice-president for the Mozambique Programme, said: “The Rovuma LNG Project is moving forward swiftly. The size of the project makes it not only an important investment in the country, but also supports economic growth and opens new opportunities for Mozambicans.”

A final investment decision by the area 4 joint venture parties is scheduled in 2019.

 

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