Marketing efforts are underway for Mozambique's Rovuma LNG project

mozz 29The Area 4 concession is located offshore of the Cabo Delgado province of northern Mozambique. (Image source: Fraser Mummery/Flickr)Eni and ExxonMobil have jointly stated that the marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique

Senior management representatives of the co-venture parties (ExxonMobil, Eni, CNODC, ENH, Kogas and Galp) met during 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,” said Massimo Mantovani, chief gas and LNG marketing and power officer at Eni.

“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,” Mantovani added.

“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 coventurers,” said Peter Clarke, president of ExxonMobil Gas and Power Marketing Company.

The initial phase of the Rovuma LNG project will develop the Mamba reservoirs in Area 4 and help deliver reliable, affordable energy to customers and create long-term economic value for the people of Mozambique and the project’s co-venturers.

ExxonMobil will lead construction and operation of liquefaction trains and related onshore facilities for the Rovuma LNG project, while Eni Rovuma Basin will lead upstream developments and operations. In parallel to the marketing, the co-venturers are also advancing financing activities and working with the government of Mozambique to progress approval of the project.

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