LNG Terminal - Mozambique LNG - Project Overview

Between 2010 and 2013, huge gas reserves were discovered in Mozambique by the Texas-based company Anadarko and the Mozambique Rovuma Venture (MRV) consortium, made up of Eni, ExxonMobil and China’s CNPC.

Nearly 5,000 billion cubic meters have been discovered in the deepwater gas fields (2,000 meters deep) in blocks 1 and 4 of the Rovuma Basin in the Indian Ocean, making it the ninth largest gas reserve in the world. By way of comparison, this is the equivalent of half the gas reserves held by the world’s leading gas producer, the USA.

The gas field is divided into 4 blocks. Block 1, comprising the Golfinho and Atum offshore fields and representing at least 60% of the basin’s known reserves, is part of the Mozambique LNG project. If the project were to be restarted, the gas extracted would be brought onshore by an underwater gas pipeline and then processed into liquefied natural gas (LNG) at the onshore Afungi site.

Afungi is a huge 18,000-hectare industrial park (almost twice the size of Paris), where the gas would be processed in two liquefaction trains, with a total capacity of 13.1 million tonnes per year. TotalEnergies plans to eventually develop two further liquefaction trains to boost production. The Mozambique LNG project also includes port infrastructure, which would be used for LNG exports.

The Mozambique LNG project is currently operated by TotalEnergies, which acquired it from Anadarko in September 2019 and holds a 26.5% stake, alongside Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (15%), Japan’s Mitsui (20%), India’s ONGC Videsh (16%), BPCL (10%), Bharat Petroleum (10%) and Oil India (4%), and Thailand’s PTTEP (8. 5%). Estimated to cost between $20 and $24 billion in 2020, the project represents the largest private investment ever made on the African continent.

The Mozambique LNG project would be the second liquefied natural gas project in the area, following the Coral South FLNG project operated by Eni in Block 4. If it goes ahead, it would be followed in Block 4 by the Rovuma LNG project (operated by Eni and ExxonMobil) and the Coral North FLNG project (operated by Eni) which are still seeking financing.

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