ExxonMobil’s entry into Area 4 in Mozambique’s prolific Rovuma Basin has revived optimism in the country’s nascent gas sector.
An FID on the Eni-led Coral FLNG plant is expected by the end of March, and a meeting in Beira on Friday between Exxon Chief Executive Darren Woods and Mozambican President Filipe Nyusi indicates the United States-based supermajor is keen to kickstart the onshore LNG phase of Area 4’s development.
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