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ExxonMobil relaunches natural gas project in Mozambique
ExxonMobil aims for production by 2030 on the $30 billion Mozambique LNG project after security gains allowed work to restart and force majeure to be lifted.
- ExxonMobil said Thursday it resumed Mozambique gas development and lifted force majeure on Rovuma LNG, targeting a final investment decision in 2026.
- Security improvements in Cabo Delgado have allowed operators to re-enter the Afungi site after regional security forces reclaimed districts and stabilised corridors, while a jihadist insurgency since 2017 left more than 6,200 dead and a March 2021 offensive caused about 800 deaths.
- The venture is owned by a consortium that holds 70, with Exxon and Eni each holding 25% in the block, and Rovuma LNG designed to produce around 15.2mn tonnes per year.
- The force-majeure lift marks a material shift in operator confidence but not risk, as security remains managed and financing, insurance, and partner decisions shape Area 4 and adjacent projects.
- TotalEnergies announced on October 25 that it lifted force majeure and resumed its Mozambique project, reporting a $4.5bn cost rise and requesting a 10-year extension, while the Mozambique government plans to audit suspension losses.
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34 Articles
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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