MOSCOW (MRC) -- French energy major Total aims to expand its Mozambique liquefied natural gas (LNG) project with two additional trains, or plants, where the gas is supper-chilled for easier transport, reproted Reuters with reference to a company executive's statement.
"We're starting to look at studies for train 3 and train 4, because the resources are clearly there to develop," Mike Sangster, head of Total Exploration and Production for Nigeria, told an oil conference in Cape Town, South Africa.
Total concluded the acquisition of Anadarko's 26.5% interest in the Mozambique LNG project for USD3.9 billion in September as part of its takeover of Anadarko's Africa assets that included projects in Ghana and Algeria.
Sangster added that the company expected to close its acquisition of Anadarko assets in Ghana and Algeria early next year once regulatory approvals were cleared.
The firm said in September the Mozambique project included the construction of a two-train liquefaction plant with a capacity of 12.9 million tonnes per year.
Sangster said costs for Mozambique were "very competitive" with good terms.
The firm has said 90% of Mozambique LNG was already sold under long-term contracts largely indexed to the oil price.
Jean-Pierre Sbraire, Total's Chief Financial Officer, said in a call with analysts during the company's third quarter results that "Mozambique LNG was a jewel" the its acquisition of Anadarko's Africa assets.
As MRC informed before, in early November 2019, Total disclosed that it is evaluating construction of a new gas cracker at its Deasan, South Korea, joint venture (JV) with Hanwha Chemical.
Total is also developing a USD1.4-billion propane dehydrogenation and PP complex at Arzew, Algeria, in partnership with Algeria’s state-owned oil company Sonatrach. The facilities will be designed to produce 600,000 metric tons/year each of propylene and PP. The project is in FEED phase with FID due in 2021.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,724,670 tonnes in the first ten months of 2019, up by 7% year on year. Shipments of all PE grades increased. The estimated PP consumption in the Russian market in January-October 2019 totalled 1,066,520 tonnes, up by 7% year on year. Supply of block copolymers of propylene (PP block copolymer) and homopolymer of propylene (homopolymer PP) increased, demand for statistical copolymers (PP random copolymer) decreased.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.