Local News Micheal van Wyk October 7, 2019 0 Comments

Exxon to sign $33bn LNG deal in Mozambique

American oil giant, Exxon Mobil, is about to sign an initial investment decision for a liquefied natural gas (LNG) project worth around $33bn with the government of Mozambique, the biggest project yet of its kind in Africa.

The gas liquification and export project in the northern Cabo Delgado province will produce 15.2-million tonnes per year, and is even bigger than the one that Total is building nearby. Both will transform Mozambique’s $15bn economy.

“We look forward to progressing the Rovuma LNG project and working with the government to maximise the long-term benefits that this project will bring,” a spokesman for Exxon said.

The investment decision could boost President Filipe Nyusi’s chances in general elections scheduled next week. A promise to develop the country’s natural gas industry has formed a big part of Nyusi’s campaign.

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Micheal van Wyk

Michael van Wyk — Head Writer, MiningFocus Africa Michael van Wyk is the Head Writer for MiningFocus Africa, specializing in Africa’s mining and resources sector. With over a decade of experience, he reports on gold, copper, critical minerals, and mining digitisation, translating complex industry trends into clear, actionable insights. Michael has interviewed top executives, policymakers, and technical experts, making him a trusted voice on the continent’s mining markets and investment landscape.