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Technip Energies and JGC Partner on Major LNG Project

Technip Energies and JGC Partner on Major LNG Project

Technip Energies and JGC Corporation Award Contract for Rovuma LNG

Technip Energies (PARIS: TE) and JGC Corporation have recently been awarded the Front-End Engineering Design (FEED) contract for an exciting new venture with ExxonMobil. This contract is part of the Mozambique Rovuma Venture (MRV), a collaborative initiative involving industry giants like ExxonMobil, Eni, and CNPC. The Rovuma LNG project will be developed on the Afungi peninsula in Northeast Mozambique.

Overview and Objectives of the Rovuma LNG Project

This ambitious LNG initiative aims to achieve a remarkable production capacity of 18 million tons per annum (Mtpa), organized into twelve modular LNG trains that each produce 1.5 Mtpa. A standout feature of this project is the introduction of electric-driven LNG trains, which are set to significantly reduce greenhouse gas emissions compared to traditional gas turbine technologies.

Innovative Aspects of the Design

The design of the plant focuses heavily on efficiency and sustainability. By using prefabricated and standardized modules, the project not only maximizes cost-efficiency but also ensures reliable timelines for delivery. This innovative approach marks a significant advancement in construction techniques for major engineering projects.

Leadership Insights Reflecting Commitment

Mario Tommaselli, Senior Vice President of Gas and Low Carbon Energies at Technip Energies, expressed his pride in being selected for this vital project. He highlighted their modularization and electrification expertise as crucial support for ExxonMobil and its partners in reaching a final investment decision. Tommaselli emphasized the project's potential to bolster Mozambique's economic growth by establishing it as a significant LNG exporter in Africa.

JGC’s Pledge to Sustainable Development

Farhan Mujib, the Representative Director and President of JGC, also conveyed his excitement about the project. He pointed out the urgent global focus on energy transition and decarbonization, noting that this project aligns perfectly with JGC Group's strategic goals. Mujib mentioned that the project is expected to foster both economic and industrial development, not just in Mozambique but throughout the wider East African region.

About Technip Energies

Technip Energies is a leader in engineering and technology, focusing on the energy transition. With a solid presence in critical sectors like LNG, hydrogen, and ethylene, Technip is well-equipped to meet the rising demand for sustainable energy solutions. Operating in 34 countries, the company employs about 16,000 dedicated professionals committed to transforming clients' innovative projects into reality, propelling the energy transition forward.

About JGC Corporation

Since its founding in 1928, JGC Corporation has been instrumental in plant and facility engineering. With a specialization in energy-related sectors, JGC has successfully completed thousands of projects across various countries. Their expertise goes beyond LNG, extending to oil, natural gas, and petrochemical plants, solidifying their reputation as a premier engineering contractor on the global stage. JGC is dedicated to promoting planetary health while enabling sustainable industrial growth worldwide.

Company Contacts

Investor Relations: Phillip Lindsay
Media Relations: Jason Hyonne
Phone: +44 207 585 5051 / +33 1 47 78 22 89
Email: Phillip Lindsay / Jason Hyonne

Frequently Asked Questions

What is the Rovuma LNG project?

The Rovuma LNG project is a large-scale facility dedicated to producing liquefied natural gas, aiming for a capacity of 18 Mtpa.

Who awarded the FEED contract for the Rovuma LNG project?

ExxonMobil granted the FEED contract to Technip Energies and JGC Corporation.

What innovative features does the LNG plant include?

The plant will incorporate electric-driven LNG trains, which are anticipated to significantly reduce greenhouse gas emissions.

How many LNG trains will the Rovuma LNG project have?

There will be twelve LNG trains in total, each designed to produce 1.5 Mtpa.

What are the broader impacts of the Rovuma LNG project?

Beyond producing LNG, the project aims to drive economic growth in Mozambique and enhance its standing as a major LNG exporter in Africa.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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