Mozambique Approves Rovuma LNG Development Plan
A final investment decision is expected later this year on the project, which will involve the construction of two trains with a combined annual capacity of more than 15 mtpa of LNG.
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.