Japanese conglomerate Mitsui together with its business partners have made a final investment decision on an LNG project relating to Rovuma Offshore Area 1 Block (Area 1) in Mozambique. Mitsui holds a 20% interest in Area 1 through Mitsui E&P Mozambique Area 1 Limited (MEPMOZ, Mitsui: 50%), which is jointly owned by Mitsui and the Japan Oil, Gas and Metals National Corporation (JOGMEC). The aim of this project is to contribute to the stable supply of LNG to meet global demand that is expected to continue growing. With the development target of the Golfinho/Atum gas field, this project is an integrated upstream-midstream project that encompasses all stages from natural gas production and liquefaction to LNG shipment. We plan to raise finance for the project from overseas public financial institutions and Japanese financial institutions.”Participating Interest Holders of Area 1 Block

Source: The North Africa Journal June 20, 2019 07:30 UTC