The development plan for the Rovuma LNG project, which develops gas from three reservoirs in the Area 4 block offshore Mozambique, has been approved by government officials.
The news was announced May 14 by Exxon Mobil Corp., which jointly leads the project with Italy’s Eni. Partners in the Mozambique Rovuma Venture also include CNPC, Empresa Nacional de Hidrocarbonetos EP, Galp and KOGAS.
A final investment decision is expected later this year.
Exxon Mobil has said the deepwater block contains more than 85 trillion cubic feet of natural gas. The plan includes two LNG trains with a combined annual capacity of more than 15 million tons. Sales and purchase agreements for 100% of the LNG capacity for trains 1 and 2 have been submitted to the Mozambican government for approval, the company said.
“During the production phase, the Rovuma LNG project expects to provide up to 17,000 tons of liquefied petroleum gas (LPG) per year in Mozambique from Area 4 resources,” the release said. “The amount equates to about 50% of the country’s current LPG imports. Area 4 partners also plan to distribute up to 5,000 LPG burners and cooking stoves in the Afungi area to replace the burning of wood.”
ExxonMobil will lead construction and operation of natural gas liquefaction and related facilities, while Eni will lead construction and operation of upstream facilities, the release said.
Recommended Reading
Will the Ends Justify the Means for W&T Offshore?
2024-03-11 - After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
In Shooting for the Stars, Kosmos’ Production Soars
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.