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ExxonMobil, ENI, CNPC to develop and operate two Mozambique LNG trains

July 10/2018

MOSCOW (MRC) -- Mozambique Rovuma Venture, a JV of ExxonMobil, Eni and CNPC, 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, as per Eni's press release.

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, Enis 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.
Author:Margaret Volkova
Tags:gas processing, CNPC, Eni, Exxon Mobil, Mozambique.
Category:General News
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