Eni, Partners Submit Rovuma LNG Plan to Mozambique Government
09 Julio 2018 - 2:08AM
Noticias Dow Jones
By Nathan Allen
Eni SpA (ENI.MI) said Monday that the Mozambique Rovuma Venture
consortium has submitted a development plan for the Rovuma
liquefied natural gas development to the Mozambican government
The plan comes almost seven years after Eni discovered gas in
the region and provides details of the design and construction of
the two gas trains that will eventually produce 7.6 million tons a
year of LNG, Eni said.
Mozambique Rovuma Venture is a joint venture between Eni, Exxon
Mobil Corp. (XOM) and China National Petroleum Corp. set up to
develop commercial gas production in the Area 4 Concession of the
Rovuma basin, which straddles northern Mozambique and Tanzania.
Galp Energia SGPS S/A (GALP.LB), Korea Gas Corp. (036460.SE) and
Mozambique's national oil company Empresa Nacional de
Hidrocarbonetos also hold minority stakes in the concession.
Exxon Mobil will lead construction and operation of natural gas
liquefaction, while Eni will lead construction and operation of
upstream facilities, the Italian oil producer said.
Eni said it expects the joint-venture partners to submit a final
investment decision in 2019, while LNG production should start by
2024.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 09, 2018 02:53 ET (06:53 GMT)
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