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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) is pleased to announce that Mitsui and its joint venture partners in Mozambique's Rovuma Offshore Area 1 Block ("Area 1") selected the Engineering, Procurement and Construction (EPC) contractor for the initial development of the onshore LNG park. The selection of the contractor is subject to negotiation and entry into a definitive agreement prior to taking FID.
Mitsui acquired a partial interest in Mozambique's Area 1, where a world-class gas field was discovered, and the selecting of the EPC contractor is within the scope of its development program as LNG.
The scope of the work for the onshore LNG park includes two LNG trains, each with capacity of 6 million tonnes per annum, which is an increase of 1 million tonnes per annum per train over the original plan. The scope also includes two LNG storage tanks, each with capacity of 180,000 cubic meters, condensate storage, multi-berth marine jetty and associated utilities and infrastructure.
Mitsui, as a joint venture partner in Area 1, will continue to be committed to the smooth advancement of this project, through which a stable supply of LNG can be achieved and contribute to securing a stable supply of energy resources for Asian countries, including Japan.
Outline of EPC for LNG Park
| Contractors | A consortium consisting of CB&I, Chiyoda Corporation and Saipem |
|---|---|
| Planned Volume | 12 million tonnes of LNG per annum (2 trains with a capacity of 6 million tonnes each) |
Participating Interest
| Anadarko Moçambique Area 1 Lda | 26.5% (Operator) |
|---|---|
| Mitsui E&P Mozambique Area 1 Ltd. | 20% |
| Empresa Nacional de Hidrocarbonetos, E.P. | 15% |
| ONGC Videsh Ltd. | 16% |
| Bharat PetroResources Ltd. | 10% |
| PTT Exploration & Production Plc | 8.5% |
| Oil India Ltd. | 4% |
Notice:
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.