(3 minutes read)
- Exxon Mobil will set up its US $30 billion liquefied natural gas (LNG) project in Mozambique using carbon capture technology
- This will help the project to cut cost of production, according to Mozambique’s energy minister Max Tonela
Exxon Mobil will set up its US $30 billion liquefied natural gas (LNG) project in Mozambique using carbon capture technology. This will help the project to cut the cost of production, according to Mozambique’s energy minister Max Tonela.
Exxon’s is the biggest of three massive gas projects planned or underway in the northernmost province of Cabo Delgado in Mozambique. Exxon has delayed its final investment decision following the COVID-19 pandemic and amid insurgency threats in the region.
According to Exxon’s representatives the company would focus on reducing costs and redesigning the project to capture carbon dioxide. It would also seek synergies with TotalEnergies, which is developing a US$20 billion project next door, in a bid to make it both cheaper and cleaner.
The company officials pointed out that it was regrettable that the security situation in Cabo Delgado has not improved since the insurgency has brought TotalEnergies’ project to a grinding halt. Mozambique has accepted help in the form of military training including from the United States and European Union to ward off terrorist threats. A regional southern African bloc and Rwanda also have sent troops to counter the militant attacks.
