Mozambique Area 4 Progressing Rovuma LNG Marketing
28 Juin 2018 - 1:09AM
Business Wire
- Rovuma LNG onshore liquefaction trains
supplied by the offshore gas fields of Area 4
- Area 4 negotiating Rovuma LNG sales and
purchase agreements
- Final investment decision expected in
2019
ExxonMobil and Eni said today that 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 today 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, Eni chief gas and LNG
marketing and power officer. “Following the final investment
decision 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.”
“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,” Peter Clarke, president of ExxonMobil Gas and Power
Marketing Company, said at the World Gas Conference. “These
commitments will help us progress toward a final investment
decision, which we expect to reach in 2019.”
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 Moçambique Limitada 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.
About Area 4
The Area 4 concession is located offshore of the Cabo Delgado
province of northern Mozambique and is operated by Mozambique
Rovuma Venture S.p.A., owned by ExxonMobil Development Africa B.V.,
Eni S.p.A. and CNODC Dutch Cooperatief U.A., which holds a seventy
percent interest alongside Galp Energia Rovuma B.V., KG Mozambique
Ltd. and Empresa Nacional de Hidrocarbonetos E.P., each of which
holds a 10 percent interest.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil is a global leader in LNG project
execution and holds an industry-leading inventory of resources, is
one of the largest refiners and marketers of petroleum products,
and its chemical company is one of the largest in the world. For
more information, visit www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and
timing and execution of final sales and purchase agreements, could
differ materially due to market prices of oil and natural gas and
other economic conditions affecting the supply and demand for LNG
in relevant markets; the outcome of commercial negotiations;
actions of competitors; changes in political or regulatory factors;
and other factors cited under the caption “Factors Affecting Future
Results” on the Investors page of our website at
www.exxonmobil.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180627006355/en/
ExxonMobilMedia Relations, 972-940-6007
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024