News Formal

Exxon to make $500 million initial investment in Mozambique LNG project

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Exxon Mobil plans to invest more than $500 million in the initial construction p...

FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo

The U.S. oil company’s $30 billion Rovuma LNG project, jointly operated with Italy’s Eni, has a capacity of more than 15 million tonnes a year and is set pump much-needed cash into the southern African nation’s ailing economy. Construction of onshore facilities has been awarded to a consortium led by Japan’s JGC, U.K firm TechnipFMC and U.S. company Fluor Corp.

Final investment decisions, a term used by the oil industry to mean the commercial and regulatory aspects of a project are finalised, would be made in 2020, Clarke said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NO. EXXON BAD. $QED

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mozambique says U.S. gas giant Exxon to finalize LNG investment next weekU.S. energy giant Exxon Mobil will finalize its investment in Mozambique's ... 🙄 Uh-oh. Better call foreign LNG expert Hunter Biden.
Source: Reuters - 🏆 2. / 97 Read more »

Mozambique says U.S. gas giant Exxon to finalize LNG investment next weekU.S. energy giant Exxon Mobil will finalize its investment in Mozambique's ... 🙄 Uh-oh. Better call foreign LNG expert Hunter Biden.
Source: Reuters - 🏆 2. / 97 Read more »