Mozambique Approves Rovuma LNG Development Plan
The government of Mozambique has approved a development plan for the multibillion-dollar Rovuma LNG project, which will produce, liquefy, and market natural gas from three reservoirs located in the Mamba complex of Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1.
Area 4 is operated by Mozambique Rovuma Venture, a joint venture owned by ExxonMobil, Eni, and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract. Galp, KOGAS, and Empresa Nacional de Hidrocarbonetos each hold a 10% interest. ExxonMobil will lead the 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.
A final investment decision by the joint venture parties is expected later this year, with LNG production expected to begin in 2024. ExxonMobil said in a statement that market activities are progressing. Sales and purchase agreements for 100% of the LNG capacity for trains 1 and 2 have been submitted to the government of Mozambique for approval, which together will produce more than 15 mtpa of LNG.
Shenzhen Gas Set to Open New LNG Terminal
The launch will make Shenzhen Gas the second Chinese city gas distributor backed by a local government to own an LNG import facility, following Shenergy Group’s Shanghai import terminal. Eni is set to deliver an initial cargo to the facility.
Australia Set To Become King of LNG Exports
Exports capacity has been rising for a decade and is on track to become the world leader within a year.
Kosmos on Track for Mauritania, Senegal Deal
The E&P company said that a reduction in its interests for projects off the coast of the West African nations should still happen by the end of this year. This includes the large Greater Tortue Ahmeyim LNG project, which is set to start up in 2022.
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06 August 2019
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