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ExxonMobil-Eni submit Rovuma LNG plan

ExxonMobil and partners in the Mozambique Rovuma Venture submitted the development plan to the government.


Maputo, July 9 - Neftegaz.RU. ExxonMobil has, together with its partners in the Mozambique Rovuma Venture submitted the development plan to the government for the 1st phase of the Rovuma LNG project, which will produce, LNG from the Mamba fields located in the Area 4 block offshore Mozambique.

 

The plan details the proposed design and construction of 2 LNG trains which will each produce 7.6 million tons of LNG per year. ExxonMobil will lead the construction and operation of natural gas liquefaction and related facilities on behalf of the joint venture, and Eni will lead the construction and operation of upstream facilities.

 

A final investment decision by the Area 4 joint venture parties is scheduled in 2019, with LNG production expected to start 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, an incorporated joint venture owned by ExxonMobil, Eni and CNPC, which holds a 70 % 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 % interest.

 

ExxonMobil in June said it had made significant progress on marketing the Rovuma gas, and that it was in active negotiations on binding sales and purchase agreements for Rovuma LNG with some affiliated buyer entities of the Area 4 co-venturers.

 

Source : Neftegaz.RU