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ExxonMobil relaunches natural gas project in Mozambique
ExxonMobil plans final investment decision in 2026 to restart Area 4 LNG project after a jihadist insurgency caused a multi-year suspension and over 6,200 deaths in the region.
- On Thursday, US energy giant ExxonMobil announced the resumption of its Area 4 gas project in Mozambique and said planning is nearing completion with a final investment decision expected in 2026.
- A jihadist insurgency in Cabo Delgado has left more than 6,200 dead since 2017, and a March 2021 offensive with about 800 deaths prompted oil companies to suspend projects.
- The company said it had lifted force majeure for Area 4, operated by Mozambique Rovuma Venture, 70 percent owned by ExxonMobil, ENI, and CNPC, with XRG, KOGAS, and Empresa Nacional de Hidrocarbonetos holding 10 percent each.
- A planned onshore liquefied natural gas facility is expected to begin production in 2030, with ExxonMobil holding a 25 percent stake.
- Regional reactions include government audits and NGO criticism, and when AFP asked on Thursday, ExxonMobil did not say if it will seek compensation for prior losses.
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34 Articles
ExxonMobil lifts force majeure on $30bn Rovuma LNG in Mozambique as security outlook improves
ExxonMobil has lifted force majeure on Mozambique’s Rovuma LNG project after improvements in Cabo Delgado’s security environment, allowing partners Eni, TotalEnergies and CNPC to resume work.
·Berlin, Germany
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Coverage Details
Total News Sources34
Leaning Left2Leaning Right6Center6Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
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