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July 10, 2018

Mozambique Rovuma submits development plan for LNG Phase I

Mozambique Rovuma Venture, a joint venture (JV) owned by ExxonMobil, Eni and CNPC, has submitted the Rovuma LNG Phase I offshore Mozambique development plan to the government.

Mozambique Rovuma Venture, a joint venture (JV) owned by ExxonMobil, Eni and CNPC, has submitted the Rovuma LNG Phase I offshore Mozambique development plan to the government.

The plan covers design and construction proposal for two liquefied natural gas trains that are estimated to annually generate 7.6 million tonnes of LNG each.

Rovuma LNG project will produce, liquefy and market natural gas from the Mamba fields situated in the Area 4 block offshore Mozambique.

The construction and operation activities of natural gas liquefaction and associated facilities will be carried out by ExxonMobil, while Eni will construct and operate upstream facilities.

“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.”

ExxonMobil Development Company president Liam Mallon 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.”

The partners plan to improve the workforce and supplier capabilities in the country as the project advances.

Eni Mozambique Program executive vice-president Stefano Maione 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.”

The Area 4 JV parties are planning for a final investment decision next year, with LNG production to begin in 2024.

Currently, the companies are working on marketing activities, sales, and purchase agreements. These are expected to be completed alongside the development plan approval process.

Mozambique Rovuma Venture holds a 70% in the Area 4 concession. Galp, KOGAS and Empresa Nacional de Hidrocarbonetos (ENH) own 10% each.

 

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