Brief Hong Kong: Exxon’s Mozambique LNG Project Awards Service Contracts but FID Slips into 2020 and more

In this briefing:

  1. Exxon’s Mozambique LNG Project Awards Service Contracts but FID Slips into 2020

1. Exxon’s Mozambique LNG Project Awards Service Contracts but FID Slips into 2020

Exxon Mobil (XOM US) and partners awarded the key contracts for the Rovuma LNG project in Mozambique, which makes the project’s sanction almost certain. Despite this, it delayed the final investment decision (FID) until next year. Another bumper set of contract awards are going to TechnipFMC PLC (FTI FP), Jgc Corp (1963 JP) and Fluor Corp (FLR US). Yet another positive for the LNG contractor market. 

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