ExxonMobil has officially lifted the force majeure on its multibillion-dollar Rovuma LNG project in northern Mozambique, marking a major step toward reviving one of Africa’s most ambitious energy developments. The company said the decision followed significant improvements in security around Cabo Delgado, where insurgent attacks forced operations to halt four years ago. This update was first reported by Reuters and further supported by assessments from Bloomberg, which highlighted increased regional stability.
The force majeure was initially declared in April 2021 after militants overran parts of the province, disrupting major LNG installations. Bloomberg noted that recent counter-insurgency efforts backed by regional forces have helped restore confidence among international operators. Industry analysts told S&P Global Commodity Insights that Exxon is now working closely with the Mozambican government and project partners to prepare for a phased restart.
Exxon aims to reach a final investment decision in 2026, with first LNG production targeted for 2030 according to Financial Times. S&P Global added that engineering reviews and updated project schedules are underway as part of the ramp-up process. The Rovuma LNG development, estimated at over $30 billion, is seen as a critical pillar for Mozambique’s long-term export revenue and energy sector transformation.
Government officials have welcomed the move, saying it reinforces investor confidence in the region’s recovery. Reports from Reuters indicated that Mozambique views the lifting of force majeure as proof that stability is returning, allowing long-delayed economic opportunities to move forward.
