Liquefied natural gas (LNG) produced in Mozambique is being delivered for the first time by the tanker British Meytor to the northern province of Cabo Delgado.
A partnership led by the Italian energy company, ENI, will produce the LNG. The platform, which was constructed in a Korean shipyard, entered Mozambican waters in January and is currently anchored in Area Four of the Rovuma Basin, about 40 kilometers off the country’s coast. This is the first deep-water platform in the world to function in water that is more than 2,000 meters deep.
3.4 million tonnes of LNG will be produced annually by the terminal once it is fully operational. The British corporation BP has purchased the entirety of its output for the ensuing 20 years. Bloomberg reports that ENI is already preparing to construct a second floating platform, which could be operational in less than four years.
The first of three projects to produce LNG in Mozambique is the Coral Sul project, which is located within the Area Four concession. The largest players in Area Four are Mozambique Rovuma Ventures, a collaboration between ENI, ExxonMobil, and the China National Petroleum Corporation (CNPC), which both control 70% of the project. GalpEnergia of Portugal, Kogas of South Korea, and ENH of Mozambique each receive 30% of the remaining funds.
The Mozambique LNG Project, which uses gas from Rovuma Basin Offshore Area One, is the other significant undertaking currently under way. With partners from Mozambique, Thailand, India, Japan, and TotalEnergies, a French oil and gas company, is the operator. 12.88 million tonnes of LNG will be produced annually by the project once it is operating for both national and global use.
The onshore LNG facility will be built on the Fungi Peninsula, but progress on this project has been halted since TotalEnergies decided to declare force majeure in April 2021 as a result of an insurgent attack there.
In a third development, the Rovuma LNG Project, 15 million tonnes of LNG per year will be produced using gas from the offshore Area Four. ExxonMobil, the owner and operator, has not yet decided how much money to invest overall.
