With a second FID in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years to come. The latest FID on the US$20 billion Mozambique LNG project, makes it the largest sanction ever in sub-Saharan Africa oil and gas. Described by His Excellency President Nyusi as \u201cone of the most important and transformational projects in the country\u2019s history\u201d, Mozambique LNG is set to be a game-changer for this East African nation of 31 million people. <\/p>\n\n\n\n
According to Wood Mac, from the early 2030s state revenue from Mozambique LNG alone will reach US$3 billion per annum, single-handedly doubling today\u2019s revenue as calculated by the IMF and World Bank.<\/p>\n\n\n\n
And this is not the only mega-LNG project on the drawing board. ExxonMobil\u2019s Rovuma LNG project, which envisages a 15 million tpa two-train facility taking gas from its offshore area 4 block, is also lined up to take FID. Meanwhile, Italy\u2019s ENI is already moving ahead with its 3.4 million tpa floating LNG facility, which will draw on 5 TCF of gas in waters more than 2,000 metres deep with first gas due in mid-2022.<\/p>\n\n\n\n
\u201cWith strong LNG demand growth out of Asia, now is Mozambique\u2019s time,\u201d said Jon Lawrence, an analyst with Wood Mackenzie\u2019s sub-Saharan Africa upstream team, as news broke of the Anadarko FID.<\/p>\n\n\n\n
With FIDs signed, the projects are now moving from the planning into the implementation phase. Hundreds of contracts are expected to be tendered for the construction, infrastructure and services needed to build and develop the megaprojects.<\/p>\n\n\n\n
More recently, on October 8th, Mozambique Rovuma Venture (MRV) Area 4 operator decided to move ahead with the midstream and upstream project activities of over US $500 million as initial investments. These investments include activities such as the construction of the pioneer camp, the development of resettlement activities, the construction of the airstrip and access roads, as well as the start of detailed LNG facility engineering project.<\/p>\n\n\n\n
It makes this the ideal time to participate at the 6th Mozambique Gas Summit & Exhibition, in partnership with ENH, taking place on 13-14 November in Maputo. The event is the official platform to hear from key decision-makers in this fast-emerging LNG hotspot, including key Government figures, policy-makers and all the major project stakeholders who will be in attendance. This edition is taking place at a time of exciting change including; the construction of FLNG, the progress in drilling activities in Cabo Delgado and Angoche, and the infrastructure development in Pemba Logistics Base. The event is organised in partnership with ENH, with support from MIREME, INP and industry stakeholders ExxonMobil, Total Mozambique LNG, TechnipFMC, FNB, Sasol, Baker Hughes, Standard Bank and G4S.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mozambique, Gas, FID, Wood Mac, ExxonMobil, Rovuma LNG project, Anadarko, Area 4, ENH, <\/p>\n","protected":false},"author":24,"featured_media":6543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[217,7227,7228,2249,3178,6190,7226],"class_list":["post-7801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-baker-hughes","tag-fnb","tag-g4s","tag-sasol","tag-standard-bank","tag-technipfmc","tag-total-mozambique-lng","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Mozambique-LNG-Park.jpg?fit=660%2C408&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-21P","jetpack-related-posts":[{"id":8548,"url":"https:\/\/www.oilnewskenya.com\/index.php\/fnb-to-fund-totals-lng-project-in-mozambique\/","url_meta":{"origin":7801,"position":0},"title":"FNB Consortium to Fund Total\u2019s LNG Project in Mozambique","author":"","date":"July 9, 2020","format":false,"excerpt":"South African lender FNB Mozambique has announced that it is extended $15.8 billion to French Oil major Total to fund its massive\u00a0liquefied natural gas\u00a0(LNG) project in northern Mozambique. According to FNB the financing contracts were signed on Friday in a consortium that has seen over a dozen financial institutions including\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/Mozambique-Area-4.jpg?fit=500%2C372&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2897,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-lng-boost-real-gdp-800-20-years-standard-chartered\/","url_meta":{"origin":7801,"position":1},"title":"Mozambique LNG to boost Real GDP by 800% in 20 years \u2013 Standard Bank","author":"","date":"May 8, 2015","format":false,"excerpt":"Mozambique liquefied natural gas, (LNG) stands to transform the country and entrench it as a leading player in the global LNG industry.\u00a0 Developing these reserves and scaling up the currently planned LNG facility to its potentially multi-train capacity, will establish Mozambique as one of the largest exporters of LNG, a\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/mozambique_flag.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/mozambique_flag.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/mozambique_flag.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/mozambique_flag.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/mozambique_flag.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10941,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-total-delays-lng-production-to-2026\/","url_meta":{"origin":7801,"position":2},"title":"MOZAMBIQUE: Total Delays LNG Production To 2026","author":"","date":"September 29, 2021","format":false,"excerpt":"Total Energies has delayed the production of LNG in Area 1 which includes the development of the Golfinho and Atum natural gas fields and the construction of a two-train liquefaction plant with a total capacity of 13.1 million tons per annum in Mozambique to 2026 on its September 2021 strategy\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Area-1-4.jpeg?fit=401%2C501&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7731,"url":"https:\/\/www.oilnewskenya.com\/index.php\/recent-fid-in-mozambique-lng-a-shared-cake-with-southern-and-east-african-economies\/","url_meta":{"origin":7801,"position":3},"title":"Recent FID in Mozambique LNG a shared cake with Southern and East African Economies","author":"","date":"July 8, 2019","format":false,"excerpt":"By John Chacha Jr The 2nd Quarter of 2019 came with a number of developments in Africa. The major one being the $ 20 Billion FID on Mozambique\u2019s LNG, the largest single LNG project approved in the continent.Occidental Petroleum Corporation whose massive offer to acquire Anardako hit the Oil &\u2026","rel":"","context":"In \"Anadarko\"","block_context":{"text":"Anadarko","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/anadarko\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7708,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mcdermott-announces-contract-agreement-with-anadarko-for-mozambique-lng-development\/","url_meta":{"origin":7801,"position":4},"title":"McDermott announces contract agreement with Anadarko for Mozambique LNG development","author":"","date":"June 10, 2019","format":false,"excerpt":"McDermott International has announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development. CCS JV's project scope includes the onshore engineering, procurement and construction (EPC) for all components\u2026","rel":"","context":"In \"PTTEP\"","block_context":{"text":"PTTEP","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/pttep\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Anadarko-offshore-Area-1.jpg?fit=326%2C446&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7257,"url":"https:\/\/www.oilnewskenya.com\/index.php\/anadarko-allocates-200m-towards-mozambique-lng-project\/","url_meta":{"origin":7801,"position":5},"title":"Anadarko Allocates $200M Towards Mozambique LNG Project","author":"","date":"November 19, 2018","format":false,"excerpt":"Anadarko Petroleum the operator in Mozambique Offshore Area 1 has said it has allocated approximately\u00a0$200 million\u00a0toward its LNG project, pre FID (final investment decision), for its's portion of the costs associated with ongoing site preparation for the shared onshore facilities. This even as the company \u00a0says remains on track for\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/Mozambique-LNG.png?fit=412%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7801"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7801\/revisions"}],"predecessor-version":[{"id":7802,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7801\/revisions\/7802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/6543"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}