(3 Minutes Read)
Developers of both projects emphasized progress on commercial, regulatory and design factors that will help these projects compete globally.
Major African LNG projects in Mozambique and Nigeria are edging closer to Final Investment Decision (FID), with developers emphasizing progress on commercial, regulatory and design factors that will help these projects compete globally.
Speaking at Africa Energy Week 2025, Arnie Gibbs, Chair of Mozambique Rovuma Ventures at ExxonMobil, said the Rovuma LNG project is targeting FID next year. Gibbs highlighted efforts to boost local content and economic development in Cabo Delgado and noted the project is being redesigned to be greener and more competitive, with 12 modules of 1.5 MTPA each.
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In Nigeria, Julius Rone, CEO of UTM Offshore, provided an update on the USD 5 billion UTM FLNG project, saying it is on track for FID with Vitol lined up as an off-taker and ongoing collaboration with Seplat.
