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Macro Finance

Exxon Increases Stake in Mozambique Gas Project

Bloomberg Markets·October 30, 2026·1 min read

ExxonMobil Holdings Corp. increased its stake in the planned Rovuma liquefied natural gas project in Mozambique following a swap agreement with Eni SpA. The move strengthens Exxon's position in the major gas development, which is expected to be a key source of LNG exports for the region.

Read at Bloomberg Markets
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