Area 4 co-venture secures LNG offtake commitments
Area 4 co-venture secured LNG offtake commitments from buyers affiliated by the partners. The participants of the area 4 co-venture are ExxonMobil, Eni, China National Petroleum Corporation (CNPC), Empresa Nacional de Hidrocarbonetos, Kogas and Galp.
The ExxonMobil, Eni and CNPC created a joint venture, the Mozambique Rovuma Venture S.p.A., and holds 70% stake of the project. Empresa Nacional de Hidrocarbonetos, Galp and Kogas, on the other hand, each hold a 10 % interest.
The commitments will be subject to the approval of full agreements by the government of Mozambique. The first phase of the Rovuma LNG project was submitted to the government by the Mozambique Rovuma Venture in July 2018.
Country updates
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December 17, 2018
Kibo renews MoU for 150-300MW Benga coal-fired IPP
Kibo Energy, an Africa-focused energy developer, renewed an MoU with Electricidade de Mocambique (EDM) for the Benga coal-fired fossil-fuel project in Mozambique. Kibo will build a...
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August 24, 2018
USTDA awards funding for feasibility study of 100 MW solar project in Mozambique
The U.S. Trade and Development Agency (USTDA) has awarded a grant to WHN Solar, S.A. for a feasibility study to assess the viability of a solar photovoltaic (PV) plant of up to 100 MW. The plant...
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July 10, 2018
Exxon submits plans for LNG project to Mozambique government
ExxonMobil has announced that Mozambique Rovuma Venture has submitted a development plan for the first phase of the Rovuma LNG project to the government of Mozambique. The project will...
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June 22, 2018
It has been announced that Globeleq signed a development agreement with Mozambique’s state utility to undertake the gas-fired facility project and bring it to financial close
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May 25, 2018
MoU signed for US$400 million gas-fired power project in Mozambique
Great Lakes Africa Energy (GLAE) has signed a Memorandum of Understanding (MoU) with the Government of Mozambique to construct a 250 MW gas-fired power plant in the country at an estimated value...
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