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 development plan is approved for three reservoirs located in the Mamba complex of Area 4.

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.