Fluor, JGC & TechnipFMC move forward with $30 billion LNG project in Africa

The engineering and construction arms of Fluor, JGC and TechnipFMC are moving forward with a joint venture to build a $30 billion liquefied natural gas export terminal in the southern African nation of Mozambique.

Working togther under a consortium named JFT, the three companies landed an engineering, procurement and construction contract to build Rovumba LNG, a liquefaction plant in Mozambique’s Cabo Delgado Province.

Finanical terms were not disclosed but Rovumba LNG is a liquefied natural gas export project led by Texas oil major Exxon Mobil and Italy’s Eni.

“We worked closely to develop the project model that builds upon each party’s strengths and capabilities to partner with MRV to advance this landmark project in a safe, secure and sustainable manner creating new opportunities for Mozambique and its citizens,” Fluor President of Energy & Chemicals Mark Fields said in a statement.

 

Apart from Exxon Mobil and Eni, the other project owners include the China National Petroleum Corp., which owns a 20 percent stake, and three others that each own 10 percent — Portugal’s Galp Group, the Korea Gas Corp. and Mozambique’s national energy company.

The proposed export terminal is only one of two major liquefied projects in Mozambique that are expected to take natural gas produced from offshore fields in East Africa and then export it to customers around the world.

Mozambique LNG, a project originally developed by The Woodlands oil and natural gas company Anadarko was sold to French oil major Total in an $8.8 billion deal that closed in September.

Leave a reply