Featured Gas Oil

Exxon to make $500m initial investment in Mozambique LNG project

Exxon Mobil will invest more than 500 million dollars in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique, the U.S. energy company said on Tuesday.

Exxon head of power and gas marketing Peter Clarke made this known at the signing ceremony for the project in Maputo.

Clarke said the construction of onshore facilities was awarded to a consortium led by Japan’s JGC, U.K firm TechnipFMC and U.S. company Fluor Corp, aside Exxon.

The 30 billion dollars Rovuma LNG project, which has a capacity of 15 million tonnes a year (mtpa) will pump much-needed cash into the southern African nation’s ailing economy.


Related posts

COVID-19: Sustaining gas supply for economic growth

Our Reporter

Nigeria joins OPEC+ to cut supply by 10mb/d- Sylva

Meletus EZE

EFCC arraigns 8 over €112, 800, $1,31m smelted gold


White House says it will not participate in Wednesday’s Trump impeachment hearing

Meletus EZE

Senate summons nine ministers over Buhari’s $22.7bn loan request

Meletus EZE

Buhari urges ECOWAS to harmonise for consensus candidates at AU, UN

Social Media Auto Publish Powered By : XYZScripts.com