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Eni, CNPC team up for Mozambique LNG project

03.15.2013  | 

Italy's Eni has the expertise to build an LNG plant in Mozambique. China National Petroleum Corp. will share in the costs to build the LNG plant after it signed a deal to buy a 20% stake in Eni's massive offshore gas field.



LONDON—Eni SpA, Italy's biggest oil and energy company by volume, has the expertise to build a liquefied natural gas (LNG) plant in Mozambique that will allow the large natural gas discoveries in the East African country to be shipped to energy-hungry Asian countries.

China National Petroleum Corp. (CNPC) will share in the costs to build the LNG plant in Mozambique after it signed a deal to buy a 20% stake in Eni's massive offshore gas field, Eni's head of exploration and production , Claudio Descalzi, told reporters at a conference in London.

Eni said it agreed to sell the 20% stake to CNPC for $4.21 billion, in a deal that will leave it with a 50% stake in the Area 4 field. The Rome-based company is open to reducing its stake further in the field if a deal will give greater solidity to the project, said Eni CEO Paolo Scaroni at the same conference.

The maximum tax amount that Mozambique will take on the CNPC sale price is 10%, said Mr. Descalzi, when ask by an analyst. Mr. Descalzi also said he was not aware of Mozambique officials wanting a bigger share of the price it will receive from the Chinese company.

Dow Jones Newswires

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Giel Prinsloo

I am very proud of Mozambiqque to build such prestiges plant , Moz needs it very much.
I have worked in Moz before on the 2 first 2 stages of the aluminium smeltres Mozal.
I am employed at present by BP Pretoleum in Iraq on the gas and oil fields , degassing stations etc.
My previous project was with Exxon Mobil in Singapore on two greenfield projects as Site mech / piping Eng on a Butanol and Benzene plant
I ma very keen to be part of this project.
Thank you , Regards Giel Prinsloo
My home country is South Africa. Please let me know of possible Engineering Construction positions.

Stephen Rupiya

A very competitive in various aspects of infrastructure, construction, civil works and associated works with more than fourteen years of successful working in Civil & Construction. Can work anywhere in Africa and abroad readily available would be interested to be engaged within the LNG GROUP.

Stephen Rupiya.

Selim Uzunkaya

Dear All,
I am a mechanical engineer from Turkey, 56 y.old and have 32 years experiences about all type storage tanks,piping, steel structures fabrication and erection.I worked LNG tanks erection also.I can work every where on world.I am working in Saudi Arabia now.
Selim Uzunkaya

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