Mozambique LNG (Area 1) has reached a Final Investment Decision (FID) on Phase 1. This comes 9 years after the first gas discovery on Area 1 and will develop the deepwater Golfinho-Atum fields to support 12.88 mmtpa of LNG. In this insight we consider the changing LNG market conditions and commercial arrangements that underpin the FID. We look at how this project differs from recent LNG sanctions and the steps taken by the partners and host government in preparing the project for an FID. We also consider development risks and the impact on value, and provide some thoughts on what the decision might mean for ExxonMobil and Eni's neighbouring Rovuma LNG project.