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Abu Dhabi’s XRG invests in Mozambique gas

Summary by Semafor
The NewsXRG, the international investment arm of Abu Dhabi National Oil Co., has acquired a 10% stake in a liquefied natural gas project in Mozambique, expanding an LNG portfolio that includes assets in Azerbaijan, Egypt, and the US. Mozambique discovered substantial gas reserves in the deepwater Rovuma Basin in 2010 and began exporting fuel last year. XRG’s acquisition is in the Area 4 concession, which is being developed by ExxonMobil and Eni.…

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Abu Dhabi’s XRG invests in Mozambique gas

The NewsXRG, the international investment arm of Abu Dhabi National Oil Co., has acquired a 10% stake in a liquefied natural gas project in Mozambique, expanding an LNG portfolio that includes assets in Azerbaijan, Egypt, and the US. Mozambique discovered substantial gas reserves in the deepwater Rovuma Basin in 2010 and began exporting fuel last year. XRG’s acquisition is in the Area 4 concession, which is being developed by ExxonMobil and Eni.…

·New York, United States
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Mozambique courts Indian business investment

The southern African nation hopes to add to the billions already invested by India, mostly in extractive sectors like mining and energy The post Mozambique courts Indian business investment appeared first on Macao News.

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LNG IndustryLNG Industry

XRG enters Mozambique’s Rovuma Basin LNG projects

XRG has reached deal completion on its acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique’s Rovuma Basin.

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LNG Industry broke the news in on Monday, March 31, 2025.
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Mozambique, Mozambique

Mozambique, Mozambique

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