ExxonMobil to take FID on Rovuma LNG development soon

ExxonMobil is expected to take a final investment decision on the Rovuma liquefied natural gas development in Mozambique “Later this year”, according to chief executive Darren Woods.

Despite the devastation wrought in Mozambique by Cyclone Idai last month, Woods said the US supermajor is helping with recovery efforts while also continuing with construction of the Eni-led Coral South floating LNG project, which is set to start up in 2022.

“We have also provided the government with our development plans for the onshore project, which has a planned capacity of more than 15 million tonnes per year,” Woods added of Rovuma LNG, a $30 billion project involving two 7.6 million tonnes per annum liquefaction trains. ExxonMobil is responsible for the midstream portion of the project.


Source: Upstream




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