As part of its broader plan for its Rovuma LNG project, ExxonMobil has earmarked USD 4 billion for local content, according to Álvaro Massingue, president of Mozambique’s Confederation of Economic Associations (CTA).
This comes after ExxonMobil officially awarded USD 1.1 billion in contracts to a variety of firms for upstream equipment and early construction activities just last week – the first serious commitment of capital to the project. Massingue conveyed the optimism of domestic businesses, who were happy to see concrete movement in the project’s implementation phase, since ExxonMobil lifted force majeure in November 2025.
ExxonMobil declared force majeure on Rovuma LNG in 2021 amid the security crisis in Cabo Delgado; a final investment decision on the USD 30 billion project is now anticipated around September 2026. Once operational, the plant is expected to produce 18.6 million tonnes of LNG a year, with ExxonMobil developing the project alongside co-venturers ENH, CNPC, Eni, KOGAS and XRG.
ExxonMobil anticipates the Rovuma LNG project will bring over USD 150 billion in revenue to the Mozambican government, as well as add around 7,500 direct jobs.
source: The Energy Year