The deal will see the state-backed Chinese enterprise form a close working relationship with Mozambique’s national energy company.
China National Petroleum Corporation
China’s largest offshore oil and gas producer has a US$2 billion stake in the Buzios oilfield, the largest deepwater pre-salt oil field in the world.
Exxon appears to be restarting LNG production in the southern African country, following on from TotalEnergies’ announcement that it was likely to do the same.
With a capacity of 3.4 million tons of liquefied gas per year, the FLNG unit will be used to produce gas from the Rovuma Basin’s Area 4.