Exxon Mobil will invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique, the U.S. energy company said on Tuesday.
Construction of onshore facilities has been awarded to a consortium led by Japan’s JGC, U.K firm TechnipFMC and U.S. company Fluor Corp, Exxon head of power and gas marketing Peter Clarke told a ceremony in the capital Maputo.
The $30 billion Rovuma LNG project has a capacity of 15 million tonnes a year (mtpa) and is set pump much-needed cash into the southern African nation’s ailing economy.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
WPL 2023/24: Battle for glory as Northern and Southern zone clubs chase playoff spots
6 mins -
Ghana’s Press Freedom Index improvement nothing to write home about – Sam George
13 mins -
Ghana Wellness and Healthcare Awards slated for June 14
16 mins -
OSP begins investigation into alleged bribery of EC staff by Kwadaso MP
22 mins -
Ghana FA laud Coach Zito with standing ovation after Dreams FC’s exploit in Africa
23 mins -
Asantehene worried over brain drain in African contemporary arts
28 mins -
Hearts of Oak legend berates current players for poor form
47 mins -
Unless EC has rules against officials receiving lunch money, nothing can be done in ‘envelope scandal’ – Prof Agyeman Duah
50 mins -
Singer Ayra Starr releases artwork, track list for ‘Sophomore Album’
59 mins -
Actress Sola Sobowale debunks drug trafficking and arrests in Saudi Arabia
1 hour -
Zebra on loose after escape in US mountain country
1 hour -
Apple iPhone sales fall in nearly all countries
1 hour -
Bawumia takes campaign tour to Western Region
2 hours -
Ghana and India discuss trade at the fourth JTC meeting
2 hours -
Nkwanta South: MCE kneels to beg chiefs to give peace a chance
2 hours