According to Reuters, the government of Mozambique has released a statement via state television, claiming that ExxonMobil will finalise its investment in the country’s LNG fields in a signing ceremony on 8 October 2019.
Reuters reports that Exxon’s Rovuma LNG project will produce, liquefy and sell gas from three reservoirs located in the Area 4 block offshore Mozambique’s northern coast. The project is jointly operated with Italy’s Eni.
According to Reuters, Exxon estimates that the fields will cost approximately US$30 billion to develop. They are scheduled to come online in 2024.
Read the article online at: https://www.lngindustry.com/liquefaction/07102019/mozambique-claims-exxon-will-finalise-lng-investment-this-week/
Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and production have grown substantially in those countries, The U.S. Energy Information Administration has reported.