Browsing: Exxon

Mozambique’s national oil company, ENH, could be burdened with more than $700m of unpaid debt when the Coral South FLNG project reaches the end of its economic life, if the Exxon-led Rovuma LNG project does not move ahead, according to recent analysis by the World Bank

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The LNG projects operated by Total and ExxonMobil may be able to deduct the extra costs they spend on security in Cabo Delgado against future project revenues, as the security situation in the northern Mozambican province continues to deteriorate, the chairman of Mozambique's petroleum regulator INP, Carlos Zacarias told journalists on Thursday.

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