Mozambique LNG schemes line up buyers to underwrite final investment decisions

Eni and ExxonMobil, partners in Mozambique’s Area 4 liquefied natural gas (LNG) scheme, announced on 28 December that they have secured enough offtake commitments to move to a final investment decision (FID) on their planned onshore development in 2019. A joint statement gave no figures but said they had secured LNG offtake commitments from affiliated buyer entities of the partners, which it described as “a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project”.