Continental Focus, International Reach

ENI and XOM Submit Development Plan for Moz

Tuesday, July 10, 2018

The partners on Mozambique’s Offshore Rovuma Area 4 concession have submitted their development plan for the first phase of the Rovuma LNG project to the government. The first phase will produce, liquefy, and market natural gas in the form of LNG from the Mamba fields.

The plan details the proposed design and construction of two LNG trains which will each produce 7.6 million tons of LNG per year.

US supermajor ExxonMobil will lead construction and operation of LNG trains and related facilities on behalf of the JV. ENI, operator of Area 4, will lead construction and operation of upstream facilities.

According to an ExxonMobil statement, as the development 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 JV 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.