ExxonMobil Pushing Forward with Mozambique LNG Project, Official Says
05.03.2024 By Tank Terminals - NEWS

May 03, 2024 [Reuters]- ExxonMobil is “optimistic and pushing forward” with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.

 

ExxonMobil and its partner Eni are developing the Rovuma LNG project in offshore Area 4 in northern Mozambique, with Exxon leading the construction and operation of the onshore liquefaction and related facilities, while Eni concentrates on the Coral floating LNG and upstream operations.

When TotalEnergies declared force majeure in 2021 due to an offensive by Islamic State-linked insurgents that threatened its Area 1 Mozambique LNG plant, ExxonMobil was also affected due to the development of shared and common facilities, such as an LNG jetty and offloading facility.

“They recognise there are challenges and there are. They recognise that those challenges can be overcome if they work together,” Arne Gibbs, general manager at ExxonMobil Mozambique, told an energy conference in Maputo.

“His message is quite simple … They are optimistic, they are pushing forward,” he said of a project expected to enter a front-end engineering and design (FEED) phase in a few months.

The project, initially slated for 15 million metric tons per annum (mtpa), has been redesigned to a new modular, electric LNG 18 mtpa plant that offers more flexibility and produces less harmful emissions, Gibbs said.

“It was important to change their design to a project that is ready-made, that is fit for purpose for the current business environment, including the attention to CO2 emissions and GHG (greenhouse gases),” he added.

In March, Credit Agricole said it would not provide financing to two major LNG projects, including Rovuma, citing commitments to refrain from new fossil fuel developments.

Gibbs said the company recognised that the security situation had improved significantly, due to the intervention of a regional military force as well as military support from Rwanda to Mozambique.

Exxon said in February that it was monitoring security developments in the Cabo Delgado province, where Islamic State-linked militants launched a new wave of attacks this year.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

ONEOK Announces Completion of NGL Fraction and Pipeline Expansion Projects
12.06.2024 - NEWS
December 06, 2024 [ONEOK]- ONEOK, Inc. today announced the completion of MB-6, a 125,000-barrel p... Read More
Aker Horizons and VNG Sign Term Sheet for the Supply of Green Ammonia from Norway to Germany
12.06.2024 - NEWS
December 06, 2024 [VNG]- The Leipzig-based gas trader VNG Handel & Vertrieb GmbH (VNG H&V... Read More
VNG and HyCC Plan to Produce Green Hydrogen in Lutherstadt Wittenberg
12.06.2024 - NEWS
December 06, 2024 [VNG]- Leipzig-based energy company VNG AG, its wholly-owned gas trading subsid... Read More
Belgium and Oman Strengthen Green Hydrogen Ties Under New Agreement
12.06.2024 - NEWS
December 06, 2024 [H2 View]- Belgium and Oman have agreed to “further strengthen” collaborati... Read More