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Exxon sees first LNG from Mozambique project in 2030
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Exxon sees first LNG from Mozambique project in 2030
Nov 9, 2024 11:54 AM

CAPE TOWN, Nov 7 (Reuters) - Exxon Mobil ( XOM ) is

expecting the first liquefied natural gas (LNG) output from its

project in Mozambique in 2030, a company executive said on

Thursday.

Exxon along with partners including Eni and China's

CNPC are developing an LNG project in northern Mozambique, with

the U.S. energy giant leading the construction and operation of

the onshore liquefaction and related facilities.

"We will most likely next year start some early works in

(the) Afungi (site) to get things going, keep it on track and

allowing us to get first LNG (production) in 2030," Frank

Kretschmer, general manager at the company's Mozambique unit,

told delegates at an energy conference in Cape Town.

The company said on Wednesday that it now expected a

final investment decision for its Rovuma LNG project in

Mozambique in early 2026. The cost of the project is estimated

at about $30 billion.

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