Exxon will likely make the final investment decision for its Mozambique LNG project next year, Reuters reports , citing the country’s National Petroleum Institute. The supermajor postponed the FID on the Rovuma project in March as part of wider measures to combat the effects of the oil price crash. Now, oil prices are on the road to recovery, but there is more pain ahead for LNG, with spot prices down to an all-time low of $1.85 per mmBtu. This, according to Reuters’ Clyde Russell, has turned LNG into the worst-performing commodity this year. Rovuma LNG is a deepwater project that will tap reserves amounting to more than 85 trillion cu ft of natural gas, according to Exxon. The company was originally planning to greenlight it in the first half of this year but the oil price war between Russia and Saudi Arabia combined with the coronavirus pandemic threw a […]