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Monday 9 July 2018

ExxonMobil, Eni submits development plan for Rovuma project




Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project. This will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique.
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.
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.

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