The field of global liquefied natural gas (LNG) producers will get even more crowded going forward. U.S. oil major Exxon Mobil said Monday that it, along with project partners in Mozambique’s Area 4 concession, had secured LNG off-take commitments for the Rovuma LNG project. This will lead to the all-important final investment decision (FID) in 2019, with production to begin in 2024. An FID is needed for capex intensive LNG projects before they can go forward to the funding then construction stages. Partners in the Area 4 exploration and production concession in northern Mozambique include Mozambique Rovuma Venture, a joint venture (JV) between ExxonMobil, Italian-based energy giant Eni and Chinese state-run CNPC for a combined 70 percent share; along with Empresa Nacional de Hidrocarbonetos, South Korea’s KOGAS and Portugal’s Galp with a 10 percent share each, respectively. Exxon Mobil said in a statement that LNG off-take commitments, secured from […]