Greece based Corinth Pipeworks to produce 120,000 tonnes of steel pipes for Rovuma LNG
Cenergy Holdings’ steel pipes segment, Corinth Pipeworks, has secured a contract to supply approximately 120,000 tonnes of steel pipes for the Rovuma LNG Phase 1 Project in Mozambique. The contract is valued at between USD 200 million and USD 250 million.
Cenergy Holdings announced that Corinth Pipeworks has been awarded the line pipe supply package for the Rovuma LNG Phase 1 Project in Mozambique. The contract was awarded by the Area 4 partners led by ExxonMobil Moçambique.
Under the contract, Corinth Pipeworks will manufacture approximately 250 km, totaling 120,000 tonnes, of longitudinally submerged arc welded (LSAW) steel pipes for the project’s offshore pipeline network.
The pipes will range from 20 to 24 inches in diameter, while the scope of the contract also includes anti-corrosion coating and concrete weight coating.
Production is planned to take place at the company’s Thisvi facility in Greece. The pipes will be designed to meet the demanding operating conditions of deepwater natural gas operations.
Cenergy Holdings stated that the total value of the contract is estimated at between USD 200 million and USD 250 million.
Corinth Pipeworks General Manager Ilias Bekiros said that the company’s selection for the Rovuma LNG Project reflects confidence in its technical capabilities, manufacturing expertise and ability to execute complex offshore projects.
Mozambique Rovuma Venture (MRV) operates the Area 4 block in the offshore Rovuma Basin. MRV, a joint venture between ExxonMobil, Eni and CNPC, holds a 70% participation interest in the Area 4 concession, while XRG, Kogas and Empresa Nacional de Hidrocarbonetos (ENH) each hold a 10% interest.
German steel association reacts to government over electricity cuts
The German federal government’s decision to cut the state subsidy for transmission grid charges (Übertragungsnetzentgelte) has drawn a strong reaction from the steel industry. Kerstin Maria Rippel, Managing Director of the German Steel Association (Wirtschaftsvereinigung Stahl), called on the government to reverse the decision, warning that “rolling back relief that has only just been introduced would send a fatal signal.”
The German federal government has approved a new regulation that would reduce state support for transmission grid costs by €1 billion annually between 2027 and 2029. The bill, which is expected to be discussed in the Bundestag (German Federal Parliament), risks undermining efforts to reduce energy costs for industry.
Kerstin Maria Rippel: “Planning Security Must Be Ensured”
Commenting on the development, Kerstin Maria Rippel, Managing Director of the German Steel Association (Wirtschaftsvereinigung Stahl), recalled that the reduction in grid charges had only been introduced at the beginning of this year, stating:
“With the reintroduction of the subsidy for transmission grid costs, we only managed to bring soaring grid charges back to normal levels at the beginning of this year. Cutting this measure again so soon would send a fatal signal! The goal of permanently reducing electricity costs for industry would once again become a distant prospect, precisely at a time when the Middle East crisis is placing significant pressure on energy markets and pushing already volatile electricity prices even higher.”
Highlighting geopolitical risks and global uncertainties, Rippel continued:
“At a time marked by multiple threats and geopolitical uncertainties, the federal government should provide planning security for industry rather than roll back relief that has only just been introduced. Our demand is clear: the €6.5 billion in budgetary support must be maintained in full and on a permanent basis!”
Green Transformation of the German Steel Industry
The German Steel Association, which represents Germany’s largest steel producers, aims to achieve climate-neutral steel production by 2045 and reduce one-third of the country’s total industrial greenhouse gas emissions. Germany, Europe’s largest steel producer with an output of 34.1 million tonnes in 2025, continues to emphasize that affordable and predictable energy prices are essential to maintaining the sector’s global competitiveness.