ExxonMobil sees Rovuma and Golden Pass advantages

Major’s two new projects have characteristics to set them apart from the pack

The record year for FIDs of additional LNG liquefaction capacity, with potentially more projects approaching sanction, has led to fears that the current supply glut could be replicated in the middle of the next decade. And it has brought into sharp focus the need for competing projects to be differentiated. ExxonMobil pushed the go button on its 15.6mn t/yr Golden Pass joint venture with Qatar Petroleum (QP) on the US Gulf Coast in February. It is also making good progress, having received approval from the Mozambique government in May, with development plans for the 15mn t/yr Rovuma LNG project. The firm is confident that its two projects have what it takes to stand out from the crowd, Alex