Mozambique Clears Path for TotalEnergies’ $20 Billion LNG Project Restart
Mozambique Clears Path for TotalEnergies’ $20 Billion LNG Project Restart
Mozambique Clears Path for TotalEnergies’ $20 Billion LNG Project Restart
– By majorwavesen

       Share 

Facebook
Twitter
LinkedIn
WhatsApp

Mozambique Clears Path for TotalEnergies’ $20 Billion LNG Project Restart

MAPUTO, Mozambique – Mozambique has officially created the necessary conditions for the long-anticipated resumption of TotalEnergies’ $20 billion liquefied natural gas (LNG) project, according to statements made by the country’s Energy Minister and reported by Portuguese news agency Lusa.

The French energy giant suspended operations in 2021 after a deadly insurgent attack near its Afungi site in northern Mozambique. With security conditions now significantly improved, TotalEnergies is reportedly planning to restart project development as early as this summer.

Mozambique’s Minister of Mineral Resources and Energy, Estevao Pale, confirmed that preparations at the government level are well underway to support the project’s restart. Speaking at an event in Inhambane province, he said, “It was a meeting with the perspective of restarting activities,” referring to recent talks between TotalEnergies CEO Patrick Pouyanne and Mozambique President Daniel Chapo.

Pale emphasized that “all the conditions are being created to allow investors to restart activities as quickly as possible.” The statement signals renewed momentum behind Africa’s largest energy project, which is expected to play a pivotal role in global LNG supply and economic development in the region.

While TotalEnergies has yet to issue an official statement on the timeline, the company’s leadership has consistently expressed interest in returning once security stabilizes.


Your subscription could not be saved. Please try again.
Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Show some Love. Share this post

Copyright 2022. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Majorwaves Energy Report