The Government of Mozambique announced that it approves the development of the Rovuma LNG project, that it is projected to produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1.
The Rovuma LNG project will play an important role in building the local workforce through focused recruitment and skills development.
The marketing effort for the LNG produced from the Rovuma LNG project is jointly led by Eni and ExxonMobil.
Sales and purchase agreements for 100% of the LNG capacity for trains 1 and 2, which will jointly produce more than 15 million tonnes of LNG per annum, have been issued to the government of Mozambique for approval.
Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company noted
The development plan approval marks another significant step towards a final investment decision later this year. We will continue to work with the government to maximize the long-term benefits this project will bring to the people of Mozambique.
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Mainly, Area 4 is operated by Mozambique Rovuma Venture S.p.A., an incorporated joint venture owned by Eni, ExxonMobil, and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract. Galp, KOGAS and Empresa Nacional de Hidrocarbonetos E.P. each hold a 10% interest.
The partners also announced that they have developed a series of plans to be conducted in a five-year period.
