Mozambique: Rovuma LNG deal
- July 9, 2018
- - 4:29 pm
Summary: LNG project advancements by ExxonMobil and Eni, alongside similar stages done by Anadarko, raise the economic outlook for Mozambique and will help the FRELIMO-led Mozambique government underwrite its political imperative of effecting geopolitically-crucial economic reforms. Analysis The Rovuma liquified natural gas (LNG) joint venture project between ExxonMobile, Eni and other international oil companies presented their development plans to the Mozambique government July 9. With a final investment decision aimed for 2019 and initial LNG production for 2024, the outlook is now raised for the Mozambique government to materially improve its capacity for redressing its public debts abroad and its …
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