Mozambique lng project latest news

The Mozambique LNG project is a significant natural gas development project located in the Cabo Delgado Province of Mozambique. Here are some of the latest news and updates on the project:

Recent Developments:

  1. First Gas Production: In March 2022, the Mozambique LNG project achieved first gas production, marking a significant milestone in the project's development. The project is expected to produce 12.88 million tonnes of LNG per year.
  2. Commercial Operations: The project is expected to reach commercial operations in the second half of 2022, with the first cargo of LNG expected to be exported in the third quarter of 2022.
  3. Infrastructure Development: The project is developing a range of infrastructure, including a 90-kilometer pipeline, a liquefaction plant, and a jetty for LNG export. The infrastructure is being built by a consortium of contractors, including Saipem, TechnipFMC, and McDermott.
  4. Environmental and Social Impact: The project has been the subject of controversy due to concerns over its environmental and social impact. The project has been criticized for its potential impact on local communities and the environment, and there have been reports of human rights abuses and violence in the region.
  5. Security Concerns: The project has also been affected by security concerns in the region. In 2020, the project was suspended due to security concerns, but it was later restarted after the Mozambican government increased security measures.

Upcoming Events:

  1. LNG Cargo Export: The project is expected to export its first LNG cargo in the third quarter of 2022.
  2. Commercial Operations: The project is expected to reach commercial operations in the second half of 2022.
  3. Infrastructure Completion: The project's infrastructure is expected to be completed in 2022.

Key Players:

  1. Anadarko Petroleum: Anadarko Petroleum is the operator of the Mozambique LNG project, with a 26.5% stake in the project.
  2. ENH: ENH (Empresa Nacional de Hidrocarbonetos) is the Mozambican state-owned oil and gas company, which has a 15% stake in the project.
  3. PTTEP: PTTEP (PTT Exploration and Production) is a Thai state-owned oil and gas company, which has a 8.5% stake in the project.
  4. Mitsui: Mitsui is a Japanese trading company, which has a 20% stake in the project.
  5. ONGC Videsh: ONGC Videsh is an Indian state-owned oil and gas company, which has a 10% stake in the project.

Financial Projections:

  1. Investment: The project is expected to require an investment of around $20 billion.
  2. Revenue: The project is expected to generate revenue of around $10 billion per year.
  3. Jobs: The project is expected to create around 10,000 jobs during its construction phase.

Overall, the Mozambique LNG project is a significant development in the region's energy sector, with the potential to generate significant revenue and create jobs. However, the project has also been the subject of controversy due to concerns over its environmental and social impact.