May 2020

Trends and Resources

Business Trends

Rovuma LNG, a JV comprised of ExxonMobil, Eni and China National Petroleum Corp., will likely delay its final investment decision (FID) on the group’s $30-B Mozambique LNG project.

Nichols, Lee, Hydrocarbon Processing Staff

AFRICA Rovuma LNG, a JV comprised of ExxonMobil, Eni and China National Petroleum Corp., will likely delay its final investment decision (FID) on the group’s $30-B Mozambique LNG project. The JV was planning to take FID in the 1H 2020; however, the global coronavirus pandemic has delayed financing that is crucial to the project moving forward. Some analysts believe that FID will not be made in 2020. At the time of this publication, none of the project’s partners have announced an updated FID timeline. ASIA-PACIFIC Thai Oil is continuing work on its Clean Fuels Project (CFP). The nearly $5-B CFP, being instituted at the company’s Sriracha refinery, consists of two primary objectives: Re

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