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MAPUTO, Mozambique — Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project. Area 4 participants are ExxonMobil, Eni, China National Petroleum Corporation (CNPC), Empresa Nacional de Hidrocarbonetos, Kogas and Galp.Those commitments are subject to the conclusion of fully-termed agreements, which will be finalized and initialed in the next weeks, and the approval of the government of Mozambique.“The Rovuma LNG marketing team has worked at an accelerated pace to reach this important milestone, a tremendous achievement made possible by the strength of the Area 4 co-venture parties and the support of the government of Mozambique,” said Peter Clarke, president of ExxonMobil Gas and Power Marketing Company.Massimo Mantovani, Eni chief gas and LNG marketing and power officer, said, “These commitments are an important step forward for the Rovuma LNG project and provide a solid foundation for securing project financing. This achievement highlights the strength of our partnership and commitment to developing Mozambique’s natural resources.”In July 2018, Mozambique Rovuma Venture submitted the development plan to the government of Mozambique for the first phase of the Rovuma LNG project. The project will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block in the Rovuma Basin offshore Mozambique. ExxonMobil will lead construction and operation of natural gas liquefaction and related facilities on behalf of the Area 4 joint venture, and Eni will lead construction and operation of upstream facilities.The development plan for the first phase of the Rovuma LNG project specifies the proposed design and construction of two liquefied natural gas trains, which will each produce 7.6 Mt of LNG per year. Mozambique Rovuma Venture is currently holding productive discussions with the Mozambican government on development plan details.In addition to generating government revenues, the proposed Rovuma LNG project will support long-term economic growth in Mozambique by developing the local workforce, building the capabilities of and demand for local suppliers, and assisting with community development efforts.Mozambique Rovuma Venture S.p.A., an incorporated joint venture owned by ExxonMobil, Eni and CNPC, holds a 70% participation interest in the Area 4 exploration and production concession contract alongside Empresa Nacional de Hidrocarbonetos, Galp and Kogas, each of which hold a 10% interest.

I think we have a full another quarter. So Q2, we expect that to be the case and then Q3, Q4 we expect that to be fairly well flushed out at that point. So the second half, you’ll see synergies and you’ll see higher margin flow through out of the backlog.

29 March. Indonesia’s state-controlled gas utility company PT Perusahaan Gas Negara (PGN), in cooperation with state port companies, is building a small terminal for liquefied natural gas (LNG) distribution in East Java, the company said. The terminal is targeted to start operation in the fourth quarter this year. For the early phase, the East Java LNG terminal will have a regasification capacity of just 30 billion British thermal units (btu) per day, or about 30 million cubic feet a day, although the company plans to expand that “based on energy demand growth in East Java and surrounding areas”. The terminal is expected to improve PGN’s distribution network in East Java for both its industrial-based and household customers, as well as for power generators.

The Tri-City Herald reports the company has listed the Lieb Foods Inc. plant in downtown Kennewick for $4.85 million after acquiring it in September.

Absolutely. So we are — we’ve always said that we will use our cash on our balance sheet to invest both organically and inorganically, and we’ve talked about the opportunities from the repair and service side, as well as on some of the E&C opportunities that exist. While we are focused on integration you can always pick timing on some of these deals and we would continue to pursue some of the opportunities that are highly strategic to us. And I think just as a general comment on — in the energy space, you’re seeing Chevron Anadarko as a great example. And I think there is many strategic opportunities that could happen very quickly here in the industry as a whole. And certainly, we won’t look to wake up one morning and read about a strategic deal that could have been important to us. So we’re trying to stay ahead of that from generating opportunities in our pipeline.

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That five-year pact runs from this year through to 2023 and targets oil, gas and chemicals plants, as well as floating production, storage and offloading vessels and floating LNG vessels.

Along with the Borgland Dolphin, i3 has secured wellheads and conductor pipe, due to be delivered mid-July.

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University of Arizona Cooperative Extension Director Dr. Jeff Silvertooth welcomes guests to the viticulture symposium.