JFT – a consortium between JGC, Fluor and TechnipFMC – has been awarded an EPC contract by Mozambique Rovuma Venture (MRV).
The deal relates to the Rovuma LNG project located in Cabo Delgado, Mozambique.
MRV, a joint venture composed of Eni, ExxonMobil and CNPC, holds a 70 percent interest in the exploration and production concession of Area 4, with Galp, Kogas and Empresa Nacional de Hidrocarbonetos (ENH) each holding a 10 percent interest.
The Rovuma LNG project will produce, liquefy and market natural gas from three reservoirs at the Mamba complex (Area 4 block in the Offshore Rovuma Basin).
It includes the construction of two LNG trains with a total nameplate capacity of 15.2 million tonnes per annum, as well as associated onshore facilities.
In June 2019, Anadarko, was given the go-ahead to develop Mozambique’s first onshore LNG facility. At USD20 billion, the final investment decision for the Area 1 Mozambique LNG project was the largest oil and gas sanction in sub-Saharan Africa. A
In September 2019, the US Export-Import Bank (Ex-Im) authorised a USD5 billion loan to finance US exports to the Mozambique LNG project.
The bank’s board of directors voted unanimously to authorise the direct loan, which will be used to support the export of US goods and services used in the development and construction of the integrated LNG project on the Afungi peninsula.
Ex-Im financing will support US exports to the Area 1 concession of the Mozambique LNG project, which covers approximately 10,000 sq km and is anticipated to supply up to 64 trillion cu ft of gas.