[2019-07-04] ENI and ExxonMobil to announce final investment decision in Mozambique before the end of 2019

Source: Macauhub

The final investment decision by the consortium led by Italy’s ENI and US group ExxonMobil for natural gas exploration in Mozambique may be taken later this year, Mozambican President Filipe Nyusi said in Lisbon on Wednesday.

This consortium is involved in the natural gas exploration of Area 4 of the Rovuma basin, and the one led by US group Anadarko Petroleum Corp, of the Area 1 block, announced its final investment decision last June in Maputo.

The President, who took part in the Mozambique-Portugal Business Forum held in the Portuguese capital, invited Portuguese companies to take advantage of the business opportunities that will arise in the country.

Nyusi and Portuguese Prime Minister António Costa sat side by side at the Forum, which focused on strengthening economic cooperation, and the Mozambican president ended his speech by giving assurances of the government’s willingness to facilitate business implementation.