Skip to content

Subscriber Only

Mozambique Says Exxon to Approve Giant LNG Project

Projects will transform Mozambique’s $15 billion economy
Decision could boost President Nyusi’s election campaign

By

Matthew Hill and

Borges Nhamirre

October 5, 2019, 12:17 PM UTCUpdated onOctober 6, 2019, 2:26 PM UTC

Mozambique’s government said Exxon Mobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33 billion to build -- the biggest ever in Africa.

A ceremony marking the decision will take place Oct. 8 in Maputo, the capital of the southeast African nation, the Ministry of Mineral Resources and Energy said in a statement Saturday.