Saturday, June 15, 2024

Samsung Heavy Industries plans to build floating platform in the Rovuma Basin

Mozambique is about to take a significant step forward in the gas industry, with the construction of a second floating platform for the extraction of liquefied gas in the Rovuma Basin. An agreement signed between Samsung Heavy Industries, from South Korea, and the Mozambican government during President Filipe Nyusi’s visit to the country, was announced by the newspaper O País on Monday, June 3.

The meeting between Filipe Nyusi and the vice-president of Samsung Heavy Industries, Young Kyu Han, resulted in the decision to build the second floating liquefied gas exploration platform, following the success of the first platform already installed in Cabo Delgado.

The new platform, built in collaboration with Technique of France and JDC of Japan, will have an annual production capacity of 3.4 million metric tons. However, the start of construction is subject to approval of the development plans by the Mozambican government.

The vice-president of Samsung Heavy Industries expressed his expectations regarding the approval of the development plans, indicating that, if approved this semester, construction of the platform could begin as early as the third quarter of 2024.

In addition to the construction of the platform, other possibilities for cooperation between Samsung and Mozambique were discussed, with a focus on heavy industry. Samsung, a renowned company in shipbuilding and floating platforms, has shown interest in expanding its presence in the country.

The meeting between President Nyusi and representatives of DAEWO, also involved in the gas exploration project, and Kogas, a partner company in Area 4 of the Rovuma basin, demonstrates Mozambique’s ongoing commitment to promoting investment and development in the energy sector.

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