ExxonMobil is planning to reach an FID on the Rovuma LNG project in Mozambique sometime next year, a Galp executive told Upstream Online in a report published on Tuesday.
Rovuma LNG is a planned 18-million-tonne-per-year facility set to be built in the northern province of Cabo Delgado. It will be fed by gas produced from the Area 4 licence in the offshore Rovuma Basin.
“There has been very significant progress on the ground. If I look at the public statements of TotalEnergies… it looks as if force majeure will be lifted sometime this year,” Upstream quoted Galp CEO Felipe Silva as saying.
A 2025 FID would relaunch the project, which has seen years of delays following terrorist attacks in the key city of Palma. Force majeure was declared in 2021.
ExxonMobil co-leads the Mozambique Rovuma Venture with partner Eni, working alongside CNPC, Galp, ENH and Kogas. ExxonMobil is primarily responsible for the LNG project, while Eni focuses on producing gas from Area 4.
An initial FID of USD 500 million for the project was reached in 2019 between the government and Mozambique Rovuma Venture.
Rovuma LNG is Eni’s second LNG development in Mozambique, following the 3.4-million-tonne-per-year Coral Sul FLNG vessel, which on its 2016 launch transformed the country into a global player in the LNG space.