Rovuma LNG Moves Forward with Key Contracts | Business and Finance News

ExxonMobil and partners are accelerating Mozambique’s Rovuma LNG project with $1.1 billion in early contracts for critical equipment and construction, signaling a looming final investment decision. Key players like OneSubsea, Advanced Technology Valve, Corinth Pipeworks, Sumitomo, and Zhejiang Jiuli are securing vital subsea systems, valves, and pipelines—ensuring timely delivery of long-lead items. The project aims to tap into massive offshore gas reserves in Area 4, producing 18.6 million tonnes of LNG annually, potentially making it one of the world’s largest new LNG projects. Despite past delays from security issues in Cabo Delgado and stalled developments, this momentum positions Mozambique as a major East African gas exporter to meet rising global demand in the 2030s. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bde6798bd5c087a4