Macro Finance
Exxon Increases Stake in Mozambique Gas Project Via Eni Swap
Bloomberg Markets·October 30, 2026·1 min read
ExxonMobil increased its stake in the planned Rovuma liquefied natural gas project in Mozambique after a swap with Eni SpA. The deal enhances Exxon's position in the significant gas development, reflecting strategic moves to expand its LNG portfolio. Financial terms were not disclosed, but the transaction underscores ongoing consolidation in the global gas sector.
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