The Exxon Mobil-led Mozambique Rovuma Venture SPA submitted its development plan to Mozambique’s government for the first phase of the Rovuma LNG project, which will produce, liquefy, and market natural gas from Mamba fields in Area 4 block offshore Mozambique. The plan details the proposed design and construction of two 7.6-million tonne/year LNG trains.
ExxonMobil will lead construction and operation of natural gas liquefaction and related infrastructure on behalf of the joint venture, and Eni SPA will lead upstream construction and operation.
A final investment decision by the Area 4 joint venture parties is scheduled in 2019, with LNG production expected to start in 2024. Marketing activities are progressing, with negotiations on sales and purchase agreements underway, targeting completion in parallel with the development plan approval process.
Rovuma LNG is operated by Mozambique Rovuma Venture, an incorporated joint venture owned by ExxonMobil, Eni, and China National Petroleum Corp., which holds a 70% interest in the Area 4 concession alongside partners Galp Energia, Korea Gas Corp., and Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos EP, each of which hold 10%.
