Eni and ExxonMobil have announced that marketing efforts are in progress for the Rovuma LNG project, which will produce, liquefy and distribute natural gas from the gas fields of the Area 4 block offshore Mozambique. Senior management representatives of ExxonMobil, Eni, CNODC, ENH, Kogas and Galp met during the World Gas Conference in Washington, D.C. to affirm marketing progress.
“The key strength of Area 4 is the quality of the co-venture partnership. Following the FID on Coral South FLNG in 2017 we are working together to develop the remaining gas fields which will feed the Rovuma LNG trains taking full advantage of the expertise of all our co-venture parties,” said Massimo Mantovani, Eni, Chief gas and LNG marketing and power officer.
Peter Clarke, president of ExxonMobil Gas and Power Marketing Company, said at the World Gas Conference, “We have made significant progress on marketing and are now in active negotiations on binding sales and purchase agreements for Rovuma LNG with some affiliated buyer entities of the Area 4 co-venturers, These commitments will help us progress toward a final investment decision, which we expect to reach in 2019.”
The first phase of the Rovuma LNG project will develop the Mamba reservoirs in Area 4 and aid delivery of reliable, affordable energy to customers and promote long-term economic value for the people of Mozambique and the co-venturers of the project.
ExxonMobil Moçambique Limitada will coordinate construction and operation of liquefaction trains and related onshore facilities for the Rovuma LNG project, while Eni Rovuma Basin will coordinate upstream developments and operations. The co-venturers are also advancing funding activities and partnering with the government of Mozambique to make progress towards the approval of the project.