Mozambique is looking to establish the country as a world leader within the LNG sector through heavy investment in multi-scale projects. Foreign energy giants such as ExxonMobil and Eni are investing heavily on billion-dollar projects such as the Rovuma LNG Export project, the Mozambique LNG project and the Coral Sul project.
ExxonMobil has, in partnership with Eni and CNPC, submitted development plans to the Mozambican government for the first phase of the Rovuma LNG export project. ExxonMobil intends to design and build two liquefied natural gas trains, which will each produce 7.6 million tons of LNG per year.
The Rovuma project’s gas field is located in the Mamba field in block four offshore Mozambique and production is expected to commence in 2024.
The JV is also backed by its partners Galp, Kogas and Empresa Nacional de Hidrocarbonetos, each of which hold 10% interest in the project. A final investment decision is expected in 2019.
Another major player for the development of LNG in Mozambique is Anadarko Petroleum. Anadarko is leading a consortium consisting of Japan’s Mitsui and India’s ONGC and the national oil company of Mozambique, ENH, as well as Bharat PetroResources, PTTEP and Oil India Limited for the Mozambique LNG project.
EDF of France has recently signed a 15-year contract to buy LNG from the Mozambique LNG plant, whilst Tokyo Gas of Japan and UK based Centrica signed a 20-year purchase agreement.
A third large investment for the country is a consortium led by Eni of Italy whom last year gave the go-ahead to the USD 8bn floating LNG project, Coral Sul.
