Exxon Wants Government Guarantees for Mozambique LNG Project

Exxon Wants Government Guarantees for Mozambique LNG Project

Exxon has asked for security guarantees for its Rovuma LNG project from Mozambique’s government, the Financial Times reported, citing unnamed sources, who said the discussions were directly with the president of Mozambique, Daniel Chapo. Darren Woods, Exxon’s chief executive, reportedly focused on the danger of Islamist activity in the area where Rovuma LNG is to be constructed, after TotalEnergies had to institute a force majeure for its own LN…

LNG Hopes Rises Again in Mozambique - Tanzania Petroleum

Mozambique is slowly moving back into the global energy spotlight. After years of delay caused by insecurity in Cabo Delgado, the country’s massive liquefied natural gas (LNG) projects are regaining momentum. The road ahead is not free of risk, but signs of renewed confidence are emerging. At present, only one LNG project is producing in […] The post LNG Hopes Rises Again in Mozambique appeared first on Tanzania Petroleum.

ExxonMobil seeks security guarantees for massive Mozambique LNG project

Image credit: ReutersThe Financial Times reported that ExxonMobil CEO Darren Woods sought assurances from Mozambique's president, Daniel Chapo, last week about security for a proposed $30bn gas terminal in the country ahead of a decision to greenlight the project. Woods raised concerns about the dangers posed by a jihadist insurgency in Mozambique’s north-eastern Cabo Delgado region, where Exxon is planning to build Africa's largest LNG facility…

Exxon chief sought security assurances for gas terminal from Mozambique president, FT reports

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