Post by account_disabled on Jan 6, 2024 4:59:34 GMT
PTTEP and the Mozambique Area 1 joint venture group have announced the Final Investment Decision (FID) for the development of a liquefied natural gas (LNG) project in Mozambique. Officially, the project has long-term liquefied natural gas sales contracts with buyers from both Asia and Europe, totaling approximately 11.1 million tons per year, and plans to begin production of liquefied natural gas in 2024, which is expected. Increase the amount of proven petroleum reserves (Proved Reserves) for PTTEP in proportion to the investment, approximately 140 million barrels of oil equivalent. Mr. Phongsathorn Thavisin, Chief Executive Officer and President of PTTEP, said, “Announcement of the final investment decision.
As a result, the Mozambique Area One B2B Email List project has moved forward into the construction phase. This marks an important step in the development of Mozambique's first onshore liquefied natural gas production facility. and will be able to increase production volumes and petroleum reserves for PTTEP to create long-term growth. It will also help meet the increasing demand for clean energy around the world.” In the first phase, the liquefied natural gas production plant will consist of two production lines (trains) with a total production capacity of 12.88 million tons per year from the Golfinho-Atum field. This is one of the offshore natural gas fields in the project. The project currently has long-term liquefied natural gas sales contracts with buyers from both Asia and Europe, totaling approximately 11.1 million tonnes per year. It is planned to begin production of liquefied natural gas in 2024 and expects to be able to increase reserves.
Proved Reserves to PTTEP in proportion to the investment, approximately 140 million barrels of oil equivalent. The Mozambique Area One project has also been approved by the Mozambican government. To be the first mover to construct facilities that will be used together with the Area Four project (Shared facilities), such as a Materials Offloading Facility (MOF) port and a liquefied natural gas (LNG) port. Marine Terminal) at the same time The project is also in the process of constructing a new village. (Resettlement Village) to support the movement of communities out of the project construction area.
As a result, the Mozambique Area One B2B Email List project has moved forward into the construction phase. This marks an important step in the development of Mozambique's first onshore liquefied natural gas production facility. and will be able to increase production volumes and petroleum reserves for PTTEP to create long-term growth. It will also help meet the increasing demand for clean energy around the world.” In the first phase, the liquefied natural gas production plant will consist of two production lines (trains) with a total production capacity of 12.88 million tons per year from the Golfinho-Atum field. This is one of the offshore natural gas fields in the project. The project currently has long-term liquefied natural gas sales contracts with buyers from both Asia and Europe, totaling approximately 11.1 million tonnes per year. It is planned to begin production of liquefied natural gas in 2024 and expects to be able to increase reserves.
Proved Reserves to PTTEP in proportion to the investment, approximately 140 million barrels of oil equivalent. The Mozambique Area One project has also been approved by the Mozambican government. To be the first mover to construct facilities that will be used together with the Area Four project (Shared facilities), such as a Materials Offloading Facility (MOF) port and a liquefied natural gas (LNG) port. Marine Terminal) at the same time The project is also in the process of constructing a new village. (Resettlement Village) to support the movement of communities out of the project construction area.