The stage was set for Exxon Mobil transforming Rovuma into a giant when it acquired a sizeable stake in the project from Eni in 2017. The deal specified that the Italian company would concentrate on getting the gas out of the ground while Exxon Mobil would focus on the gas-liquefaction part of the venture. Jos Evens, country manager for ExxonMobil Mozambique, talks to TOGY about the company’s landmark projects in the country, the importance of a timely FID and how ExxonMobil’s LNG expertise is poised to overcome challenges associated with Rovuma LNG. ExxonMobil Mozambique is active in three offshore blocks as well as the Area 4 projects. ExxonMobil and Eni-run consortium developing the gas-rich Area 4 block offshore Mozambique has secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners involved in the project. Apart from Exxon and Eni, Area 4 partners are China National Petroleum Corporation (CNPC), Empresa Nacional de Hidrocarbonetos, Kogas, and Galp. Exxon on Friday said the ExxonMobil is stepping up its activities in Mozambique. At the end of January, the news agency Zitamar reported that it had bought the rights to twelve hectares of land in the Sommerschield neighbourhood of Maputo from the telecommunications company TMCEL for 47 million US dollars. The final investment decision on the Rovuma LNG project in Mozambique has been pushed back into 2020 despite the award Tuesday of the main engineering, procurement and construction contract, and a commitment from the developers to an initial $520 million spend on the project. About Mozambique Rovuma Venture. Area 4 is operated by Mozambique Rovuma Venture S.p.A. (MRV), an incorporated joint venture owned by Eni, ExxonMobil and CNPC, which holds a 70 percent interest in the Area 4 exploration and production concession contract.
Mozambique’s government said Exxon Mobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33 billion to build -- the biggest
Oct 7, 2019 Exxon Mobil will stop short of taking a final investment decision (FID) on its massive $30 billion liquefied natural gas (LNG) project in Oct 10, 2019 Exxon Mobil awarded contracts worth about $13 billion to three gas plant in northern Mozambique, the country's oil and gas regulator said. million for preliminary works before a final investment decision next year, the For many years the Outlook for Energy has helped inform ExxonMobil's long-term business strategies, investment plans, and research programs. Outlook for ExxonMobil and its partners are jointly optimizing development plans and determining key milestones such as final investment decision (FID) and startup timing
ExxonMobil and its partners are jointly optimizing development plans and determining key milestones such as final investment decision (FID) and startup timing
Oct 8, 2019 Exxon Mobil plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique.
Feb 7, 2020 MAPUTO, MOZAMBIQUE/WASHINGTON — Authorities in In October, ExxonMobil said it has plans to invest more than $500 million in the
May 14, 2019 Maputo (Mozambique), 14 May 2019 – Mozambique Rovuma Venture said toward a final investment decision later this year,” said Liam Mallon, president from the Rovuma LNG project is jointly led by Eni and ExxonMobil. Jul 10, 2018 Eni, ExxonMobil Awaiting Review of Mozambique LNG Export Project “The size of the project makes it not only an important investment in the Apr 1, 2019 MHI Technology Selected for Rovuma LNG Project, Mozambique today that it has reached an agreement with ExxonMobil and its co-venture partners to Subject to final investment decision on the project, Mitsubishi Heavy Feb 5, 2019 The two companies have a long relationship that includes projects in Argentina, Brazil and Mozambique. Advertisement. Continue reading the
Apr 1, 2019 MHI Technology Selected for Rovuma LNG Project, Mozambique today that it has reached an agreement with ExxonMobil and its co-venture partners to Subject to final investment decision on the project, Mitsubishi Heavy
Oct 16, 2019 In addition to its LNG investments in Mozambique and Nigeria, Russia, The ExxonMobil-led expansion is part of a tandem $14 billion effort May 14, 2019 Exxon Mobil and Italy's Eni said Tuesday that the Mozambique another significant step toward a final investment decision later this year," said Oct 7, 2019 The Mozambican government said Exxon Mobil will finalise its investment in the country's liquefied natural gas fields in a signing ceremony on Mar 27, 2019 ExxonMobil Mozambique is active in three offshore blocks as well as momentum, as we look to reach the final investment decision in 2019. Sep 24, 2019 Mega gas deals are being signed in Mozambique hand over fist, each of Palma, and in December 2019, Rovuma LNG (led by ExxonMobil and ENI) Each of these projects marked the largest investment of its kind in Africa, Dec 31, 2018 ExxonMobil and Eni-run consortium developing the gas-rich Area 4 block the participants to rapidly move toward a final investment decision in 2019 and the approval of the government of Mozambique, ExxonMobil said. May 24, 2018 The Government of Mozambique expects Exxon Mobil to take its Final Investment Decision (FID) and invest approximately $27 billion for the
Oct 5, 2019 Mozambique's government said Exxon Mobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could Oct 9, 2019 US energy giant Exxon Mobil will finalise its investment in Mozambique's lucrative liquefied natural gas fields in a signing ceremony on