https://www.engineeringnews.co.za
Coal|Construction|Energy|Gas|LNG|Oil And Gas|PROJECT|Resources
Coal|Construction|Energy|Gas|LNG|Oil And Gas|PROJECT|Resources
coal|construction|energy|gas|lng|oil-and-gas|project|resources

Rovuma could propel Mozambique to top LNG producer globally – Standard Bank

Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor

Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor

20th March 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

An independent macroeconomic study undertaken by Standard Bank has found that the first phase of Area 4 concession’s Rovuma liquefied natural gas (LNG) project, in Mozambique, has the potential to deliver 15.2-million tonnes of LNG a year.

The project is expected to attract between $27-billion and $32-billion in investment that will monetise 2.6-billion cubic feet a day of offshore LNG resources, adding between $15-billion and $18-billion a year to Mozambique’s gross domestic product.

The project will contribute to growing Mozambique into the fourth-largest LNG producer globally.

Mozambique will become a supplier of LNG to some of the world’s largest economies, such as China, which is deepening fuel-switching policies aimed at replacing coal with gas as an energy source, says Standard Bank.

The Area 4 concession will reach a final investment decision for the project’s first phase before the end of the year.

Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor says Rovuma LNG will employ about 20 500 construction workers and 1 300 operational workers, while creating additional employment opportunities from various value chain and reinvestment activities associated with the support, supply and profits arising from the commercial operation of Rovuma LNG.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.098 0.148s - 172pq - 2rq
Subscribe Now