Saturday, October 12, 2019

ExxonMobil Hands Out $13 Billion in Contracts for Rovuma LNG

ExxonMobil awarded a JGC Corp.-led group a contract to develop its Mozambique liquefied natural-gas project, which is set to be the biggest-ever private investment in Africa. The consortia taking the award, JFT, is made up of JGC, Fluor Corp. and TechnipFMC Plc.

JFT will develop Mozambique’s Rovuma LNG project in Area 4, according to Exxon Senior Vice President for LNG Peter Clarke in a speech given at an industry event in Maputo this week.

The complex will consist of two natural gas liquefaction trains, with a total LNG nameplate capacity of 15.2 million tonnes annually as well as associated onshore facilities. LNG production of the complex is expected to commence in 2025.

Area 4, which produces feed gas for the onshore LNG production complex to be built in Cabo Delgado, is operated by Mozambique Rovuma Venture S.p.A. (MRV), an incorporated joint venture owned by Eni, ExxonMobil and CNPC, which holds a 70 percent interest in the Area 4 exploration and production concession contract. Galp, KOGAS and Empresa Nacional de Hidrocarbonetos E.P. each hold a 10 percent interest.

The overall cost of the project is estimated to be somewhere between $23 and $27 billion.

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