Mozambique: ENI and ExxonMobil to start natural gas extraction at end of 2022

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Mozambique: ENI and ExxonMobil to start natural gas extraction at end of 2022

9:58 CAT | 16 May 2018

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The consortium led by ENI and ExxonMobil will begin the extraction and liquefaction of natural gas in the Rovuma basin in the last quarter of 2022, Mozambique’s Minister of Mineral Resources and Energy said on Wednesday.

Tonela pointed out that in March the first steel plate was cut for construction of the anchoring system of the floating natural gas liquefaction platform in the Coral South field of Mozambican exploration area 4.

“The completion of the [platform’s] construction is scheduled for late 2021 and it is expected to be in Mozambican waters by the end of the first quarter of 2022,” ready to extract the gas, turn it into a liquid state, and export it on freighters to the whole world.

The Mozambican Minister of Mineral Resources and Energy also mentioned the other project to extract, liquefy and export natural gas that is about to start in the country, belonging to a consortium led by US company Anadarko.

Tonela said that construction of a liquefaction plant, in this case, on land, in the Afungi Peninsula, is expected to begin by the end of next year.

The project has a projected life of 25 years and provides for a total investment of about US$30 billion (€25 billion), generating revenue of around US$53 billion (€44.9 billion) for the Mozambican state, the minister said.

The government expects the Anardko and ENI/ExxonMobil projects to create 5,000 jobs during the construction phase and 1,000 jobs in the operating phase.

Source: Lusa