ExxonMobil sees Rovuma and Golden Pass advantages
Major’s two new projects have characteristics to set them apart from the pack
The record year for FIDs of additional LNG liquefaction capacity, with potentially more projects approaching sanction, has led to fears that the current supply glut could be replicated in the middle of the next decade. And it has brought into sharp focus the need for competing projects to be differentiated. ExxonMobil pushed the go button on its 15.6mn t/yr Golden Pass joint venture with Qatar Petroleum (QP) on the US Gulf Coast in February. It is also making good progress, having received approval from the Mozambique government in May, with development plans for the 15mn t/yr Rovuma LNG project. The firm is confident that its two projects have what it takes to stand out from the crowd, Alex
Also in this section
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way
