XOM · News · 20261102N

Mozambique LNG Stake Increase

ExxonMobil Holdings Corp · 2026-11-02 · Importance 46 · Surprise 42

ExxonMobil raised its interest in the Mozambique LNG project to 50%, according to third-party reporting published November 2, 2026. The increased stake gives ExxonMobil shared control over project decisions with existing partners in the Rovuma Basin venture. The facility is planned as a multi-train export hub supplying Europe and Asia under long-term contracts; the report did not specify the investment amount or project timeline.

Key facts

• ExxonMobil Holdings raised its interest in the Mozambique LNG project to 50%, giving it shared control over project decisions alongside existing partners. source