Exxon expects final investment decision for Mozambique LNG project in 2026
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ExxonMobil has delayed its final investment decision for the Rovuma LNG project in Mozambique to 2026, postponing the financial go-ahead by approximately three months.
November 06, 2024 | 6:45 pm
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ExxonMobil has postponed its final investment decision for the Rovuma LNG project in Mozambique to 2026, delaying the project timeline by about three months.
The delay in the final investment decision for the Rovuma LNG project indicates a shift in ExxonMobil's project timeline, which could affect future revenue streams and project costs. However, the short-term impact on stock price is likely neutral as the delay is relatively minor and may have been anticipated by investors.
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