HOUSTON, 31 October (Reuters) – Reuters reported that Exxon Mobil Corp. (XOM.N) is looking to lift the force majeure declared on its $30 billion liquefied natural gas (LNG) project in Mozambique, as security conditions in the region continue to improve.
During an earnings call on Friday, Exxon Mobil Chief Executive Darren Woods said, “Total just lifted their force majeure, and we’re looking at, and are in the process of, trying to do the same.” Woods was referring to TotalEnergies, which operates a nearby but separate LNG development.
Woods added that the company’s current position in Mozambique is “in a very good place.”
According to Reuters, Exxon Mobil has previously stated its goal to reach a final investment decision (FID) on the Rovuma LNG project in early 2026, with the first cargo expected by 2030. The company is leading the onshore liquefaction facilities, while Italy’s Eni (ENI.MI) manages the floating production units in the deepwater block dubbed Coral North and South.
Reuters also cited consulting firm Deloitte, which reported last year that completion of LNG developments led by Eni, Exxon, and TotalEnergies could make Mozambique one of the world’s top ten gas producers by 2040.
Meanwhile, TotalEnergies and the Mozambique government are still discussing pending issues related to the project budget, contract development, and production timelines for the Mozambique LNG venture.
Source: Reuters (01 November 2025)
