ExxonMobil seeks security guarantees for massive Mozambique LNG project

Image credit: Reuters

Reuters could not immediately verify the report. Exxon did not immediately respond to a Reuters request for comment. The Mozambican presidency could not be reached immediately.

Islamic State-linked militants launched an insurgency in the northern gas-rich province of Cabo Delgado in 2017, killing thousands of civilians, destroying livelihoods and internally displacing hundreds of thousands, aid agencies say. The insurgency has disrupted multi-billion-dollar energy projects.

Woods and Chapo also discussed plans by TotalEnergies to resume work on a nearby LNG facility being developed by the French oil major and lift a force majeure, the FT said.

TotalEnergies CEO anticipates Mozambique LNG project will resume 'this summer'

18 Jun 2025

TotalEnergies had halted work on the project and declared force majeure in 2021 after insurgents attacked the northern town of Palma, a logistics hub near the site.

"We strongly believe that the ExxonMobil project, if implemented, will make a huge difference in the economy of Mozambique and, as a consequence, in the life of Mozambicans," Chapo told the FT in an emailed statement.

An Exxon spokesperson told the FT that the company is working closely with Total, the Mozambique government and its partners in the LNG project to ensure the right conditions are met to enable a final investment decision on the development.