OceanHub > Feed > Rovuma LNG Development in Mozambique
ENI ITALY
1 year ago

Rovuma LNG Development in Mozambique

 Two liquefied natural gas trains will each produce 7.6 million tons per year

 LNG production expected to commence in 2024

 Marketing and financing negotiations underway in parallel with government approval

process

San Donato Milanese – Mozambique Rovuma Venture has submitted the

development plan to the government for the first phase of the Rovuma LNG project, which will

produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block

offshore Mozambique.

The plan details the proposed design and construction of two liquefied natural gas trains

which will each produce 7.6 million tons of LNG per year.

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. As the Rovuma LNG project progresses, every effort will be made to

actively build the local workforce and supplier capabilities in Mozambique.

“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,” said Liam Mallon, president of

ExxonMobil Development Company.

“The Rovuma LNG Project is moving forward swiftly,” said Stefano Maione, Eni’s executive

vice-president for the Mozambique Program. “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, with LNG

production expected to commence in 2024. Marketing activities are progressing, with

negotiations on sales and purchase agreements underway, targeting completion in parallel

with the development plan approval process.

Rovuma LNG is operated by Mozambique Rovuma Venture S.p.A., an incorporated joint

venture owned by ExxonMobil, Eni and CNPC, which holds a 70 percent interest in the Area 4

concession alongside its partners Galp, KOGAS and Empresa Nacional de Hidrocarbonetos

E.P. (ENH), each of which hold a 10 percent interest

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