Eni may run its own fast track on Mozambique LNG
The Italian national oil company Eni and its partners China National Petroleum Corporation (CNPC or PetroChina), Kogas from South Korea, Galp Energia from Portugal and Mozambique Emprecia Nacional de Hidrocarbonetos (ENH) are evaluating alternative solutions to develop its Mozambique liquefied natural gas (LNG) project on fast track in order to load the first shipments in 2018.
Geographically, Mozambique is perfectly located on the Africa East Coast to export LNG to Asia.
In that perspective, the Mozambique Government motivated the two teams leaders Anadarko and Eni to sign, end of 2012, a memorandum of understanding (MOU) to develop jointly the onshore part of the Mozambique LNG projects and coordinate their efforts regarding the offshore part where fields are linked between the Area-1 and Area-4.
Eni and Anadarko to agree on Afungi LNG operator
Eni and Anadarko had decided to call for tender on the base of a competitive FEED in order to save time on the engineering, procurement and construction (EPC) phase of the project with already the target to ship first LNGto Asia in 2018.
On Area-4, the Italian leader Eni concentrates 50% through the joint venture Eni East Africa by which PetroChina holds 20%, with the remaining shares being split between Kogas 10%, Galp Energia 10%, and ENH 10%.
In the same way as they are studying a floating liquefied natural gas (FLNG) solution to speed up the development of the offshore part in Mamba , they are now considering to build their own LNG plant in Quionga, close to Tanzania boarder.
In respect with the reserves in places in the Rovuma basin, Mozambique holds enough gas to feed the Afungi LNG Park, Mamba FLNG and an additional Quionga LNG plant, that would secure first LNG shipment for Eni and PetroChina from Mozambique LNG by 2018.