Exxon Seeks Mozambique Security Guarantees for $30B LNG Project Amid Insurgency

ExxonMobil CEO Darren Woods has sought security guarantees from Mozambique's President Daniel Chapo concerning the $30 billion Rovuma LNG project in the Cabo Delgado region, an area troubled by ongoing Islamist insurgency. This insurgency has previously forced Exxon and TotalEnergies to delay or halt construction, with TotalEnergies declaring force majeure following a deadly attack in 2021. Exxon, in partnership with Italian company Eni, leads the construction of Africa's largest planned liquefied natural gas facility in this region. Discussions between Woods and Chapo also covered TotalEnergies' plans to resume work on their nearby LNG project, signaling a potential improvement in regional security. The Mozambican president emphasized the project's potential economic benefits for the country and its people if realized. Exxon continues to collaborate with the government and partners to create conditions favorable for a final investment decision on the LNG development.