{"id":8521,"date":"2021-11-05T16:49:23","date_gmt":"2021-11-05T16:49:23","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=8521"},"modified":"2021-11-05T15:55:34","modified_gmt":"2021-11-05T15:55:34","slug":"exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project","title":{"rendered":"Exxon looking to capture carbon, cut costs at $30 bln Mozambique LNG project"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Exxon Mobil is looking to green its $30 billion liquefied natural gas (LNG) project in Mozambique via carbon capture technology, as well as cut costs for the development, Mozambique\u2019s energy minister said on Thursday.<\/p>\n

Max Tonela told journalists at a joint press conference with an Exxon representative that the U.S. oil major had explained its plans in a meeting with Mozambique President Filipe Nyusi.<\/p>\n

Exxon\u2019s is the biggest of three massive gas projects planned or underway in Mozambique\u2019s northernmost province of Cabo Delgado, but the U.S. oil major has delayed its final investment decision following the COVID-19 pandemic and amid an Islamic State-linked insurgency in the region.<\/p>\n

Executives have already said the company is still committed to the project \u2013 a point Exxon\u2019s president of upstream oil and gas Liam Mallon reaffirmed to Nyusi in the meeting, Tonela told journalists.<\/p>\n

\u201cThe company\u2019s focus will be on reducing costs and redesigning the project to capture carbon dioxide,\u201d he said, adding it would also seek synergies with TotalEnergies , developing a $20 billion project next door, in a bid to make it both cheaper and cleaner.<\/p>\n

Mallon, who was present, said the meeting with Nyusi confirmed Exxon\u2019s commitment to its project and that the dialogue had been constructive.<\/p>\n

However, he added, the company regretted the security situation in Cabo Delgado. The insurgency has killed thousands, forced many times more from their homes and also brought TotalEnergies\u2019 project to a grinding halt.<\/p>\n

\u201cEssentially we are stopped until the situation improves,\u201d Mallon said, adding that while there had been some progress more was needed.<\/p>\n

Mozambique has accepted help in the form of military training including from the United States and European Union, while a regional southern African bloc and Rwanda have sent troops to beat back the militants \u2013 interventions that appear to have had some success.<\/p>\n

Mallon gave no update on Exxon\u2019s delayed final investment decision for the project, which is now expected in 2022.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Exxon Mobil is looking to green its $30 billion liquefied natural gas (LNG) project in Mozambique via carbon capture technology, as well as cut costs for the development, Mozambique\u2019s energy minister said on Thursday. Max Tonela told journalists at a joint press conference with an Exxon representative that the U.S. oil major […]<\/p>\n","protected":false},"author":84,"featured_media":8519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-8521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nExxon looking to capture carbon, cut costs at $30 bln Mozambique LNG project - Mozambique<\/title>\n<meta name=\"description\" content=\"Exxon Mobil is looking to green its $30 billion liquefied natural gas (LNG) project in Mozambique via carbon capture tec ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exxon looking to capture carbon, cut costs at $30 bln Mozambique LNG project\" \/>\n<meta property=\"og:description\" content=\"Exxon Mobil is looking to green its $30 billion liquefied natural gas (LNG) project in Mozambique via carbon capture tec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-05T16:49:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-618553de1e186.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Exxon looking to capture carbon, cut costs at $30 bln Mozambique LNG project\",\"datePublished\":\"2021-11-05T16:49:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project\"},\"wordCount\":349,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-618553de1e186.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/exxon-looking-to-capture-carbon-cut-costs-at-30-bln-mozambique-lng-project\",\"name\":\"Exxon looking to capture carbon, cut costs at $30 bln Mozambique LNG project - 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