ExxonMobil has announced that it now expects to make a final investment decision (FID) for its Rovuma liquefied natural gas (LNG) project in Mozambique in 2026. This represents a delay in the financial go-ahead for the significant project.
The Rovuma LNG project is a key component of ExxonMobil's long-term natural gas strategy, aiming to expand its global LNG portfolio. The postponement of the FID impacts the timeline for bringing new production capacity online and realizing associated revenues.
This delay could influence ExxonMobil's capital expenditure planning and its overall growth trajectory in the coming years. The company continues to evaluate market conditions and project readiness before committing to the substantial investment required.
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