ExxonMobil’s CEO highlighted the Exxon-led Rovuma LNG project in Mozambique and the TotalEnergies-led Papua LNG project in Papua New Guinea as highly competitive in terms of cost and strategic advantages. Both projects are progressing toward a final investment decision (FID), signaling potential developments in the LNG sector.
These projects are seen as important steps in expanding LNG supply from key regions, with companies emphasizing their readiness and competitiveness in the current market environment.
**Why this matters**
The progress of these projects could impact global LNG supply and pricing, contributing to energy security and market diversification. Their advancement reflects ongoing investment interest in natural gas infrastructure amid evolving energy demands.