[2019-05-15] Government of Mozambique approves Rovuma LNG project development plan

Source: Macauhub

The Mozambican government has approved the development plan for the Rovuma LNG project to explore natural gas deposits in the Mamba zone of the Rovuma Basin Area 4 block, Italian group ENI said in a statement released in Milan.

“Approval of the development plan, the third, marks another significant step towards reaching the Final Investment Decision and beginning construction over the current year,” said Liam Mallon, chairman of ExxonMobil Upstream Oil & Gas Company.

The development plan details the construction of two processing plants that together will produce more than 15 million tonnes of natural gas per year, the statement said.

The sale of the natural gas to be produced is organised jointly by the ENI and ExxonMobil groups, and contracts for the purchase of all the gas to be produced in the two processing units have already been submitted to the Mozambican government for approval.

The project is operated by Mozambique Rovuma Venture, a partnership whose shareholders are ExxonMobil, ENI and the China National Oil and Gas Exploration and Development Corporation, which jointly hold a 70% interest in the Area 4 block concession, with three stakes of 10% owned by South Korea’s Kogas, Portugal’s Galp Energia and Empresa Nacional de Hidrocarbonetos (ENH) of Mozambique.