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ExxonMobil awards nearly one billion in contracts for gas megaproject in Mozambique

ExxonMobil has awarded pre-investment contracts worth $1.1 billion for the Rovuma LNG project in Mozambique.

Archive photo: ExxonMobil awards nearly one billion in contracts for gas megaproject in Mozambique
Archive photoPhoto: Governo do Estado de São Paulo · Flickr · BY

ExxonMobil has awarded pre-investment contracts worth $1.1 billion, equivalent to 947 million euros, for critical equipment in the Rovuma LNG project in Mozambique. The announcement was made by various sources, including RTP, highlighting the progress of the project in the African country.

These contracts relate to preliminary stages before the final investment decision for the gas megaproject, which has significant potential for natural gas production and export.

With this development, ExxonMobil is moving closer to the final investment decision, which is considered a crucial milestone for the continuation of the Rovuma LNG project.