Project Awardhigh confidence
Saipem Signs New Preliminary Contract for Rovuma LNG
www.rigzone.com · September 11, 2026 · Week 2026-37
Summary
A consortium including Saipem has signed a letter of intent with ExxonMobil for the upstream infrastructure of the Rovuma LNG project in Mozambique. This preliminary agreement signals progress on the long-stalled project, which competes with new LNG capacity coming online from major producers like Qatar.
Strategic Implication
The award signals momentum for a major non-MENA LNG project, increasing future supply competition for producers like QatarEnergy.