ExxonMobil Advances $30 Billion Rovuma LNG Project in Mozambique Despite Security Concerns

ExxonMobil is moving ahead with the long-delayed Rovuma LNG project in Mozambique, a development widely estimated at about $30 billion, despite continuing security concerns in the country’s north. The project is intended to tap offshore gas reserves in the Rovuma Basin and could become one of Africa’s biggest LNG export ventures, with ExxonMobil leading construction and operations on the liquefaction side. The latest progress matters because it signals renewed momentum for a project that has been repeatedly slowed by violence and uncertainty, while also highlighting the stakes for Mozambique’s economy and energy sector.