AfrOil: ExxonMobil hopes to make FID on Rovuma LNG in 2025

The US super-major ExxonMobil has commended Mozambique’s government for stabilising the security situation in a gas-rich region in the north of the country. The improvements have encouraged the company and its partners in the Rovuma LNG consortium to consider making a final investment decision (FID) in 2025, Bloomberg reported on July 11.

“A lot depends on the security situation, which has been very well managed,” Peter Clarke, ExxonMobil’s senior vice president of upstream oil and gas, said at a conference in Vancouver. “The government is doing a good job and hopefully we’ll see more positive news in that respect as we go through the end of the year.”

If ExxonMobil and its partners approve the project in 2025 as planned, Bloomberg wrote, the project will be on track to start up by the end of the decade. The project has fallen behind schedule because of an Islamist rebellion that started in October 2017 in Cabo Delgado, Mozambique’s northernmost province.