Saipem Signs New Preliminary Contract for Rovuma LNG
A consortium of Jan De Nul Group and Saipem SpA signed a letter of intent with Exxon Mobil Corp for the upstream infrastructure of the planned Rovuma LNG project in Mozambique. The letter of intent covers limited preliminary engineering and procurement services with an initial value of approximately EUR 11 million. Final award of the full contract is subject to a positive final investment decision by the Area 4 partners and government approvals expected in 2026.
Why it matters: This advances the briefing's theme of energy investment, as it moves a major LNG project closer to final investment decision.