Thibault Lemaire, an economist at the International Monetary Fund, has expressed the view that both the ExxonMobil led Rovuma Basin LNG project and the TOTALEnergies operated Mozambique LNG facility will be online by 2029. Noe of these two companies have been definitive about dates of project delivery. The 15MMTPA ExxonMobil led facility has not reached financial close. But Mr. Lemaire, a French national covering African projects, is a ranking executive at the IMF, so is expected to have searching insight. He told the Portuguese news agency Lusa that he expects the consortiums led by TOTALEnergies and ExxonMobil to start gas production in Mozambique in 2027 and 2029, respectively.

Source: The North Africa Journal May 01, 2023 07:15 UTC