ExxonMobil confirms Mozambique LNG halt

Oil major confirms another Mozambican LNG project is on hold for security reasons

The Rovuma or Area 4 LNG project in Mozambique has been halted for now, but operator ExxonMobil says that they are “ready to resume affected activities once security conditions allow.” ExxonMobil did not confirm a force majeure, although the oil major already delayed a final investment decision (FID) on the project even before the security situation deteriorated further. The US major tells Petroleum Economist that it “remains committed to working with the government to further develop Mozambique’s gas resources” and “mitigate the impacts” of the local unrest, but declined to give any details of their talks with Maputo, or when they might hope to be able to resume work. But ExxonMobil is also