XRG enters Mozambique’s Rovuma Basin LNG projects

The Rovuma Basin, one of the largest gas discoveries in the past 15 years, offers XRG access to pioneering LNG projects with a combined potential production capacity of more than 25 million tpy. This acquisition includes stakes in the operational Coral South Floating LNG (FLNG), the planned Coral North FLNG, and Rovuma LNG’s onshore development projects.

Khaled Salmeen, XRG’s Chief Operating Officer, said: “We are proud and excited to be part of the responsible development of Mozambique’s world-class Rovuma Basin. Together with the Government of Mozambique and our partners, we are looking forward to sharing our expertise, adding value and accelerating these developments towards their full potential LNG capacity. This milestone investment will enhance XRG's ability to provide energy solutions to meet rising demand and help unlock sustainable economic growth.”

Coral South FLNG, the first development of its kind deployed in African waters, has a capacity to produce 3.5 million tpy of LNG through utilising cutting-edge technology with a strong focus on energy efficiency. Coral North FLNG, with an imminent final investment decision (FID), would produce an additional 3.5 million tpy of LNG offshore. Both offshore projects are led by Eni.

Meanwhile, the onshore Rovuma LNG Phase 1 Project, led by ExxonMobil, is expected to complete its FEED phase in 2025 based on an innovative modular electric drive design to significantly reduce the carbon intensity of its anticipated 18 million tpy of LNG production.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/31032025/xrg-enters-mozambiques-rovuma-basin-lng-projects/