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Offtake commitments secured for Rovuma LNG
Partners for the first phase of Mozambique’s Area 4 Rovuma LNG development have secured offtake commitments that will allow the project to move toward a final investment decision (FID) in 2019.
The project will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block in the Rovuma Basin offshore Mozambique. ExxonMobil will lead construction and operation of natural gas liquefaction and related facilities on behalf of the Area 4 joint venture, while Eni will lead construction and operation of upstream facilities.
The development plan for the first phase of the Rovuma LNG project specifies the proposed design and construction of two LNG trains, which will each produce 7.6mn t/y of LNG.
Mozambique Rovuma Venture, an incorporated joint venture owned by ExxonMobil, Eni and CNPC, holds a 70% participation interest in the Area 4 E&P concession, alongside Empresa Nacional de Hidrocarbonetos, Galp and Kogas, each holding a 10% stake.
News Item details
Journal title: Petroleum Review
Region: Africa
Countries: Mozambique -
Subjects: Liquefied natural gas, LNG markets
