Italy's Eni Invites Design Proposals for Mozambique LNG Plant
MILAN, April 16 (Reuters) - Italian energy major Eni has invited interested companies to put forward design proposals for a floating liquefied natural gas (LNG) plant in Mozambique.
A source close to the matter said Eni announced its request for so-called front-end engineering and design (FEED) proposals in a local Mozambique newspaper.
Eni is looking to export recent finds in the East African country thought to contain gas resources of more than 85 trillion cubic feet (Tcf) to energy-hungry Asia.
Some of the world's biggest offshore natural gas fields lie off the coast of Mozambique.
Eni holds a controlling stake in the gas-rich Area 4 field in Mozambique's Rovuma Basin, which is estimated to hold more than 150 tcf.
The state-controlled Italian major has previously said its investments in the country could total around $50 billion.
As part of its project it plans to build onshore and offshore gas liquefaction plants aimed at mainly Asian markets and local consumption.
In a strategy update earlier this year, Eni said it plans to build an onshore LNG plant and two floating LNG plants in its giant Mamba field with a combined capacity of 10 million tonnes per annum (mtpa).
A final investment decision (FID) is expected before the end of 2015, with production start-up due in 2020.
Eni is also planning another floating LNG plant in its fully-owned Coral field in Area 4. A decision on that is expected by the end of the year.
The challenge for one of Africa's poorest countries is to develop the fields and begin lucrative exports before a wave of supply from rivals, including neighbouring Tanzania, beat them to market.
In Mozambique, exploration efforts are being spearheaded by Italy's Eni and U.S.-based Anadarko Petroleum.
(Reporting by Oleg Vukmanovic and Stephen Jewkes; editing by Andrew Hay)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension