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Sunday, July 15, 2018
ExxonMobil is expanding LNG train size for its Mozambique LNG project in an effort to cut production costs according to reports. The company is expanding the Rovuma LNG project by half before taking the project specifics to lenders for funding.
The US supermajor is now aiming to build the world’s biggest liquefaction trains, outside Qatar, in Mozambique’s remote north, putting ENI’s more modest plans on the shelf in pursuit of cost savings to boost returns on investment.
“The larger train design will lower the unit cost of the Rovuma LNG project and ensure a competitive new supply for the global LNG market,” Exxon spokeswoman Julie King was cited as saying in a Reuters report.
Under new development plans submitted to the government, ExxonMobil’s first two liquefaction trains should each produce 7.6 mpta, with a start date in 2024.
ENI initially planned 5 mtpa trains.
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