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Mozambique says ExxonMobil to approve giant LNG project

ExxonMobil kicks off large-scale LNG project in Mozambique with initial investment decision. Project costs could reach USD 33 billion and thus be the biggest ever on the continent.

ExxonMobil LNG facility in Papua New Guinea. | Photo: David Gray/Reuters/Ritzau Scanpix

Mozambique’s government said ExxonMobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as USD 33 billion to build – the biggest ever in Africa.

A ceremony marking the decision will take place Oct. 8 in Maputo, the capital of the southeast African nation, the Ministry of Mineral Resources and Energy said in a statement Saturday.

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