The presidency announced that the intention to proceed with the Final Investment Decision (FID) this year was reaffirmed during a meeting held in Maputo. The meeting took place between the Mozambican President, Daniel Chapo, and the head of ExxonMobil for Upstream, Dan Ammann.
This meeting occurred at a crucial stage for the development of the large gas project in Area 4 of the Rovuma basin. This happened a few days after the American multinational communicated the choice of the consortium responsible for the main land works, a final step before the definitive approval of the investment.
At the end of the audience, Johanna Boothey, president of ExxonMobil Mozambique, described the meeting as 'very productive.' She mentioned that there was 'much discussion on how we will move forward with the Rovuma project to have a Final Investment Decision this year.' The official also detailed that possible economic and social impacts of the undertaking were debated, including job creation, social initiatives, and increased revenue for the Mozambican State.
Rovuma LNG aims to produce, liquefy, and export natural gas from reserves located 'offshore' in Area 4 of the Rovuma basin, near Cabo Delgado. ExxonMobil will be responsible for the operation of the future onshore facilities. Obtaining the final investment decision is seen as the most important pending milestone to start the project's development phase.
The land development plan foresees the construction of 12 liquefaction modules, with a total production capacity of 18.6 million tons of LNG annually, and operations are scheduled to begin in 2031. The Rovuma LNG project is conducted by ExxonMobil, acting as the delegated operator of Area 4, in collaboration with ENH, CNPC, ENI, KOGAS, and XRG.
In July, Daniel Chapo had stated to Lusa his expectation that the FID would be approved by September, characterizing Rovuma LNG as 'the largest private investment project on the African continent,' with an estimated value of approximately 20 billion dollars. The previous week, ExxonMobil announced the selection of the SMDC consortium, composed of Saipem, McDermott Energy Solutions, Daewoo Engineering & Construction, and China Petroleum Engineering & Construction Corporation, to execute the engineering, procurement, and construction services for the first phase of the project.


