Financial Ports

$12.8m LNG deal sparks Mozambique’s $30bn gas gamble

CLAVE 1 / 4Italian contractor Saipem and Belgian marine specialist Jan De Nul secure preliminary work on ExxonMobil’s Rovuma LNG project.

CLAVE 2 / 4Initial €11m ($12.8m) scope covers engineering and procurement for offshore gas facilities.

CLAVE 3 / 4Final EPCI contract hinges on 2026 FID and regulatory approvals.

CLAVE 4 / 4Project targets 18.6m tonnes of LNG per year, with first production slated for 2031.

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