Mozambique is targeting a mid-2026 final investment decision (FID) for the $30 billion Rovuma LNG project, led by ExxonMobil.
The development in Area 4 of the Rovuma Basin represents the continent's largest private investment cluster and marks a critical step toward bringing new liquefied natural gas capacity online.
The projected timeline aligns with broader government expectations for economic acceleration.
Authorities have forecast that the country's economy will expand by an average of 4.9% annually starting in 2027, with growth surging to 9.5% by 2029 as new LNG production units come online.
This growth trajectory is heavily dependent on the successful execution of major energy infrastructure projects like Rovuma.
The move comes as Mozambique's energy sector regains momentum following years of disruption.