Area 4 | Egypt Oil & Gas

ExxonMobil to Buy 25% of Eni’s LNG Offshore Mozambique

ExxonMobil Corp. announced it will buy 25% of a liquefied natural gas (LNG) project off Mozambique from Italy’s Eni for about $2.8b.

Italian Eni approved the investment for the first phase of the Coral South project, offshore Mozambique.

Eni has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozambique.

Eni announces a new giant natural gas discovery in Area 4, offshore Mozambique, at the Coral 1 exploration prospect.

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