Exxonmobil finalizes LNG purchase in Mozambique

15/12/2017 14:37 LNG

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ExxonMobil, the biggest publicly traded international oil and gas energy firm, declared that it accomplished the transaction of liquefied natural gas purchase in Mozambique’s Area 4 block.

The energy company, with the acquisition of 25 percent indirect interest in Area 4 block from Italian Eni, will run the construction and operation of future natural gas liquefaction sites.


The company pledged to ensure midstream activity in Area 4 block, which comprises around 85 trillion cubic feet of natural gas.


Darren W. Woods, Chairman and Chief Executive Officer affirmed: “We are confident that our project and marketing expertise, coupled with our financial strength, will help grow the value of Mozambique’s energy resources.”

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