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

Naira weakens marginally against dollar at parallel market


FG to spend $2.3bn in 1st phase of Presidential Power Initiative- Minister

Meletus EZE

No tariff increase for customers enjoying under 12 hours electricity daily — NERC


PENGASSAN tasks Abia govt. on infrastructural devt.


 Nine ministers bow out from Buhari’s cabinet

Our Reporter

NPA generates $1b from joint venture in 15 years

Our Reporter
Social Media Auto Publish Powered By : XYZScripts.com