The Rovuma LNG project is returning to the forefront of Mozambique’s gas ambitions. ExxonMobil is seeking to advance preparations for an investment estimated at $30 billion, as its partners progress on the development’s technical and contractual aspects. The challenge is to convert the Rovuma Basin’s vast resources into large-scale liquefied natural gas (LNG) production capable of supporting the country’s public revenue, employment and industrial activity.
The project is located in Area 4, offshore Cabo Delgado province. ExxonMobil acts as delegated operator for the joint venture partners, which include national company ENH, CNPC, Eni, KOGAS and XRG. Their partnership brings together groups with different expertise and financial capabilities, an important factor for a complex deepwater and coastal development.
Preparatory contracts to reduce project risk
Several milestones were reached in 2026. In August, the partners selected the SMDC joint venture—formed by Saipem, McDermott, Daewoo Engineering & Construction and China Petroleum Engineering & Construction Corporation—for limited engineering and procurement services related to onshore facilities. In September, other contracts covered subsea equipment and services required for upstream development. ExxonMobil also announced pre-investment contracts worth approximately $1.1 billion.
These commitments come before the final investment decision. They help refine the design, identify suppliers and better define costs, schedules and responsibilities among partners. ExxonMobil said preparatory work supports the target of an investment decision in 2026. This deadline remains a target: it will depend on finalizing studies, the contractual framework, financing and partner alignment.
For Mozambican companies, this phase is already opening opportunities in services, logistics, maintenance, construction and training. However, the announced contracts remain focused on preparatory work and major technical packages. Local suppliers’ access to larger contracts will depend on their ability to meet clients’ safety, quality, certification and financing requirements.
Production capacity of 18.6 million tonnes
The first onshore phase provides for twelve liquefaction modules and total capacity of 18.6 million tonnes of LNG annually. Start-up is currently envisaged around 2031. Such capacity would place Mozambique among the world’s major LNG suppliers and strengthen the Rovuma Basin’s economic weight in international trade.
The revenue prospect is substantial, but must be read as a projection. A Standard Bank macroeconomic study cited by the project’s promoters estimates that Rovuma LNG could contribute approximately $150 billion to government revenue over thirty years and support nearly $11 billion in annual economic activity. The same study estimates that more than 150,000 jobs could be created across the various phases. These estimates depend on production starting, activity levels, LNG prices and the ability to develop local companies and skills.
Maputo seeks to strengthen dialogue with partners
Project preparations are accompanied by efforts to mobilize stakeholders around the country’s energy future. ExxonMobil intends to broaden exchanges with industry participants in Maputo and communicate Rovuma LNG’s scale to investors, service providers and institutional partners. This approach can help clarify the timetable, coordinate supply chain needs and highlight opportunities available to Mozambican businesses.
The environment remains challenging. Cabo Delgado province has experienced insecurity that has weighed on major gas projects and operating conditions. Restoring a safe environment, protecting workers and securing local communities’ trust therefore remain essential to operational continuity. The project must also maintain transparent dialogue on compensation, jobs and benefits for affected communities.
Global competition for LNG supplies makes timing strategic. Markets seek diversified volumes, while producing countries seek to secure buyers and capture long-term revenue. For Mozambique, the project’s value will be measured not only in exported tonnes, but also in the share of expenditure benefiting the national economy and how revenue supports infrastructure and public services.
The next milestone: a credible final decision
Engineering and service contracts show that Rovuma LNG’s preparations are advancing. They do not replace the final investment decision, but gradually reduce technical and commercial uncertainties. The next stage must confirm financing, the timetable and partner commitments, then organize the ramp-up of construction.
If these conditions are met, the project could become a lasting driver of Mozambique’s gas industry and an anchor for a new generation of local skills. By advancing contracts, investor dialogue and infrastructure preparations, ExxonMobil and its partners are bringing the Rovuma Basin closer to large-scale industrial development. Success will now depend on turning this preparation into concrete decisions and benefits clearly shared with the country.