Will Exxon's Next Mega Project Get The Go Ahead?

Will Exxon's Next Mega Project Get The Go Ahead?

OilPrice.com

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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…

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