Sunday, September 19, 2021

Exxon Mobil to build Mozambique LNG export facility

Must read

Agencyhttps://dailynigerian.com/
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
- Advertisement -

Exxon Mobil is planning to build a Mozambique liquefied natural gas (LNG) export facility and is looking to expand operations at its Papua New Guinea and Qatari LNG projects, a senior company official said on Wednesday.

The company is also concerned by the lack of new LNG project approvals over the past two years even as many projects were cancelled, said Frank Kretschmer, Senior Vice-President of Exxon Mobil Asia Pacific’s LNG Marketing division.

“It is concerning that very little has happened on new final investment decisions over the last two years and at the same time we have seen quite a few projects cancelled,” he said.

“Being the most reliable, lowest cost project is the only way to survive industry cycles.”

Reuters/NAN

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -
cosgrove