Monday, July 09, 2018
Mozambique Rovuma Venture S.p.A submits the development plan for the first phase of the Rovuma LNG project to the Mozambique government.
Mozambique Rovuma Venture S.p.A, a joint venture owned by ExxonMobil, Eni and CNPC, has submitted the development plan for the first phase of the Rovuma LNG project to the Mozambique government, Eni announced Monday.
The Rovuma LNG project aims to produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique. The submitted 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 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.
“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,” Liam Mallon, president of ExxonMobil Development Company, said in a company statement.
Stefano Maione, Eni’s executive vice-president for the Mozambique program, 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,” Maione said in a company statement.
A final investment decision by the Area 4 joint venture parties is scheduled in 2019, with LNG production expected to commence in 2024.
Rovuma LNG is operated by Mozambique Rovuma Venture S.p.A., which holds a 70 percent interest in the Area 4 concession alongside its partners Galp, KOGAS and Empresa Nacional de Hidrocarbonetos E.P., each of which hold a 10 percent interest.
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