JOHANNESBURG/MILAN (Reuters) – Exxon Mobil is likely to delay the greenlighting of its $30 billion (26 billion pounds) liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors wary, six sources told Reuters. Top U.S. oil and gas company Exxon said on Tuesday it was evaluating “significant” cuts to capital spending and operating expenses. Qatar, the world’s largest producer of liquefied natural gas (LNG), is delaying a big expansion in which Exxon is a major partner. …read more
Source:: Yahoo Finance
