ExxonMobil advances Rovuma LNG project in Mozambique

ExxonMobil is preparing to move forward with the Rovuma LNG project in Mozambique. During a meeting in Maputo with President Daniel Chapo, ExxonMobil leadership reaffirmed their commitment to reaching a Final Investment Decision (FID) for the project. The development is expected to provide significant economic benefits to Mozambique, including job creation, social projects, and increased state revenue.

In a related development, ExxonMobil Mozambique Limitada has awarded a letter of intent to McDermott Energy Solutions (UK) Ltd. This agreement includes limited engineering and procurement services to support the continuation of the Rovuma LNG Phase 1 midstream development. The work aims to assist the Area 4 partners as they progress toward a final investment decision, which is anticipated in 2026.

The onshore development of the Rovuma LNG project is expected to feature 12 modular liquefaction modules designed to produce 18.6 million tonnes per year of LNG, with an anticipated start-up in 2031. The project represents ExxonMobil’s largest single investment.