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Mozambique: ENI Signs LNG Deal With Kogas


Tuesday, 21 October 2014

Mozambique: ENI Signs LNG Deal With Kogas

The Italian energy company ENI has announced that it has signed a cooperation agreement with the Korean company Kogas to facilitate the development of Area Four of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado. ENI estimates that Area Four holds 85 trillion cubic feet of natural gas, and the company is working on plans to develop the resource.

It is planning to build a floating liquefied natural gas (LNG) plant and has awarded a front end engineering and design contract to a consortium of the companies KBR and Daewoo Shipbuilding and Engineering. Next year the company will award a contract for the engineering, procurement, construction, installation, and commissioning (EPCIC) the FLNG plant. ENI is the operator of Area Four with a fifty per cent share. The other partners in the venture are the Chinese company CNPC (with a twenty per cent stake), Kogas, Galp Energia and Mozambique's National Hydrocarbon Company ENH (each with a ten per cent stake).

Source: allafrica.com