US group ExxonMobil plans to expand its natural gas project in the Rovuma basin, in Mozambique, by about 50% of what was previously planned to reduce costs, group spokeswoman Julie King said in response to questions from the Reuters news agency.
King said that the expansion of the natural gas processing and liquefaction plants will reduce the unit cost of the project, thereby ensuring that the gas to be extracted in Area 4 of the Rovuma basin is globally competitive.
This week, Mozambique Rovuma Venture presented to the Mozambican government the development plan for the first phase of the Rovuma LNG project, which will extract, liquefy and sell natural gas from the Mamba fields.
The plan presents the detailed design and construction of two natural gas liquefaction units, each with a capacity to process 7.6 million tons of gas per year.
The Rovuma LNG project is operated by Mozambique Rovuma Ventures, a partnership owned by ExxonMobil, ENI and the China National Petroleum Corporation groups, which jointly control 70% of the Area 4 block, the remaining 30% is split equally between Portuguese group Galp Energia, South Korea’s Kogas and Mozambican state-owned Empresa Nacional de Hidrocarbonetos. (macauhub)