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Thu, Jan

ExxonMobil’s LNG sales to grow beyond 40 mtpa by 2030

LNG LPG News

ExxonMobil just announced its corporate plan to 2030 saying it expects to deliver incremental growth potential of $20 billion in earnings and $30 billion in cash flow driven by investing ...

the front-end engineering design (FEED) contracts for the Rovuma LNG project in Mozambique.

ExxonMobil is leading the construction and operation of the liquefaction and related facilities on behalf of Mozambique Rovuma Venture (MRV), a joint venture that includes Eni and CNPC, and Eni is leading the construction and operation of the upstream facilities.

The LNG plant will have an overall production capacity of 18 mtpa.

As per Papua LNG, TotalEnergies has a 37.55 percent operating stake in the LNG project, ExxonMobil has 37.04 percent, Australia’s Santos owns a 22.83 percent interest, and Japan’s JX Nippon holds 2.58 percent.

The project calls for the design of about 4 million tonnes per year of liquefaction capacity adjacent to the existing PNG LNG processing facilities, operated by ExxonMobil and located 20 kilometers northwest of Port Moresby, Papua New Guinea.

The facility will receive supplies from the Elk-Antelope gas field.

Also, the project includes the use of 2 million tonnes per year of liquefaction capacity in the existing trains of PNG LNG.

ExxonMobil holds a 33.2 percent operating interest in PNG LNG.

The LNG terminal can produce more than 8.3 million tonnes of LNG annually, an increase of 20 percent from the original design specification of 6.9 mtpa.

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