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

FG debt now N24.52tn, recorded N561.71bn deficit – CBN

Meletus EZE 

Obaseki laments underdevelopment in South-South

Editor

8 ships arrive Lagos ports with petrol, other products

Editor

Aviation academy plans to recruit 50 students as pilots

Editor

PIB passage to unlock foreign capital, aid sector development

Our Reporter

COVID-19: Lagos Senator, Bayo Osinowo, dies at 64

Editor
Social Media Auto Publish Powered By : XYZScripts.com