Coral South FLNG remains on track
ExxonMobil confirms Mozambique LNG halt
Oil major confirms another Mozambican LNG project is on hold for security reasons
The Rovuma or Area 4 LNG project in Mozambique has been halted for now, but operator ExxonMobil says that they are “ready to resume affected activities once security conditions allow.” ExxonMobil did not confirm a force majeure, although the oil major already delayed a final investment decision (FID) on the project even before the security situation deteriorated further. The US major tells Petroleum Economist that it “remains committed to working with the government to further develop Mozambique’s gas resources” and “mitigate the impacts” of the local unrest, but declined to give any details of their talks with Maputo, or when they might hope to be able to resume work. But ExxonMobil is also
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
