Over US$30 billion will be committed in Mozambique to produce 20 million tonnes of LNG annually (mtpa), with the ports of Pemba and Palma to be redeveloped under a massive program. Mozambique's national oil company, Empresa Nacional de Hidrocarbonetos (ENH), verified that the project will be operational by 2018, according to Reuters.
Mozambique’s plans on converting its large gas deposits to LNG. About 180 Tcf of gas has been discovered in Mozambique's Rovuma basin and it will be converted at Pemba and Palma. Anadarko Petroleum and Italy's Eni are currently operating Rovuma.
Nelson Ocuane (pictured at right), chairman and CEO of ENH said: "In an initial phase, liquefaction units with a total capacity for 20 million mtpa of LNG will be built and operated. The investment to be made tops US$30 billion."
Ocuane was speaking at the launch of the project at the Pemba port logistics base.
About 70% of the global LNG stock is used by China, South Korea, India, Japan, and Taiwan. Ocuane said it is this market Mozambique aims to supply. "Mozambique has good conditions to start exporting in 2018 because all the investment plans indicate that the essential infrastructure will be in place by then."
Reuters also reported that Thailand's PTT Exploration and Production Plc (PTTEP) said on Monday, it planned to spend up to $1 billion on a Mozambique project, beginning in 2015, that would link to an LNG terminal. PTTEP CEO Tevin Vongvanich said the project would produce 10 mtpa by late 2018 or 2019.
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Rovuma gas for GTL?, 4 July 2014
Computerizing offshore Mozambique, 1 May 2014
Eni CEO, Mozambique president discuss progress, 2 April 2014
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