Eni: Rovuma LNG partners secure offtake commitments

Eni: Rovuma LNG partners secure offtake commitmentsImage courtesy of Eni

Italy’s Eni and its Area 4 partners have secured liquefied natural gas (LNG) offtake commitments for the Rovuma LNG project in Mozambique. 

Eni said it allows the partners to move toward to a final investment decision in 2019 on the first phase of the Rovuma LNG project.

Area 4 participants are ExxonMobil, Eni, the China National Petroleum Corporation, Empresa Nacional de Hidrocarbonetos, Kogas and Galp.

“Those commitments are subject to the conclusion of fully-termed agreements, which will be finalized and initialed in the next weeks, and the approval of the Government of Mozambique,” Eni said in a statement.

In July 2018, Mozambique Rovuma Venture submitted the development plan to the government of Mozambique for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore the Rovuma Basin in Mozambique.

ExxonMobil will lead construction and operation of natural gas liquefaction and related facilities on behalf of the Area 4 joint venture, while Eni will lead the construction and operation of the upstream facilities.

The development plan for the first phase of the Rovuma LNG project specifies the proposed design and construction of two liquefied natural gas trains, which will each produce 7.6 million tons of LNG per year.

Mozambique Rovuma Venture is currently holding discussions with the Mozambican government on development plan details.

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