Mozambique: Exxonmobil Doubles Its Stake to 50 Percent After Swapping Assets With Eni
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4 Articles
Mozambique: Exxonmobil Doubles Its Stake to 50 Percent After Swapping Assets With Eni
Maputo -- The US oil and gas company ExxonMobil has ExxonMobil has raised its working interest in the Rovuma LNG project, in the northern Mozambican province of Cabo Delgado, from 25 to 50 percent after swapping assets with Italy's Eni.
The announcement, without further details, consists of the results of the third quarter of 2026 of the American oil company, released on Friday, in which the American oil company refers to having "agreed to increase participation" in the LNG project in Mozambique to 50%, where it is already an operator.
ExxonMobil Raises Rovuma LNG Stake to 50% in $30bn Mozambique Project - The Zimbabwe Mail ExxonMobil Raises Rovuma LNG Stake to 50% in $30bn Mozambique Project
MAPUTO – ExxonMobil has doubled its interest in Mozambique’s proposed Rovuma liquefied natural gas project to 50% following an asset swap with Italy’s Eni, strengthening its position in one of Africa’s largest planned energy developments. The Zimbabwe Mail, citing a report by Mozambican publication Club of Mozambique based on a statement issued on the transaction, […]
ExxonMobil agreed to double for 50% the participation in the liquefied natural gas (LNG) project Rovuma LNG, northern Mozambique, reinforcing the stake in that which is considered one of the largest energy ventures in Africa.
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