ExxonMobil Chooses Chart Industries for IPSMR Liquefaction Technology and Equipment

ExxonMobil, representing the Mozambique Rovuma Venture (MRV) and the operator of the Area 4 concession in the Rovuma Basin, has made a significant strategic choice by selecting Chart Industries’ (NYSE: GTLS) IPSMR® liquefaction technology and proprietary equipment for its Rovuma LNG project at the Afungi peninsula. This project aims to harness natural gas from the Area 4 block of the offshore Rovuma Basin, facilitating its production, liquefaction, and marketing.

The Rovuma LNG Project is set to construct 12 liquefaction modules, each with a capacity of 1.5 million tonnes per annum (MTA), resulting in a total LNG capacity of 18 million tonnes annually. In addition to these modules, the project will feature associated onshore facilities designed to support the liquefaction process. By selecting Chart's IPSMR® technology for these 12 modules, ExxonMobil anticipates enhancing the project’s competitiveness, increasing reliability, and significantly reducing greenhouse gas (GHG) emissions.

Jill Evanko, CEO and President of Chart Industries, expressed enthusiasm about the partnership with ExxonMobil. She stated, “We are excited to partner with ExxonMobil for the utilization of our IPSMR® technology and associated equipment for their Rovuma LNG project in Mozambique.” Evanko also extended her gratitude to ExxonMobil’s engineering and project teams for their contributions in promoting the use of IPSMR® within the international LNG sector.

The Mozambique Rovuma Venture (MRV) is an incorporated joint venture comprising ExxonMobil, Eni, and CNPC, holding a 70 percent stake in the Area 4 concession. The remaining participants in Area 4 include Empresa Nacional de Hidrocarbonetos (ENH) with a 10 percent share, Korea Gas Corporation (KOGAS) with 10 percent, and Galp, also holding 10 percent.

This collaboration underscores a critical advancement in LNG technology and reflects a commitment to sustainable practices in the energy sector. The adoption of Chart's IPSMR® technology positions the Rovuma LNG project as a leader in efficient gas liquefaction, paving the way for reduced environmental impacts and a more competitive stance in the global LNG market. As this project progresses, it will play a vital role in meeting the growing demand for natural gas while prioritizing environmental stewardship.

Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for managing gas and liquid molecules. The company plays a key role in the Nexus of Clean™, supporting clean power, water, food, and industrial applications across various molecule types. The company offers a distinctive range of products and solutions that include both stationary and rotating equipment, utilized throughout all stages of the liquid gas supply chain. This includes engineering, service and repair, as well as installation, preventive maintenance, and digital monitoring.  Chart is a premier provider of technology, equipment, and services for liquefied natural gas, hydrogen, biogas, and CO2 capture, among other applications.