Energy
ExxonMobil increases stake in Mozambique’s Rovuma LNG project
ExxonMobil has announced an agreement to increase its stake in the Rovuma LNG project in Cabo Delgado province, northern Mozambique, to 50%, while retaining its role as operator. The deal, structured as an asset swap with Italian company Eni, was revealed alongside the company’s quarterly earnings. Financial details of the transaction were not disclosed.
