https://en.sputniknews.africa/20250122/totalenergies-further-postpones-its-20-billion-lng-project-in-mozambique-report-says-1070312134.html
TotalEnergies Further Postpones Its $20 Bln LNG Project in Mozambique, Report Says
TotalEnergies Further Postpones Its $20 Bln LNG Project in Mozambique, Report Says
Sputnik Africa
The LNG site was shut down under a force majeure declaration after an insurgent attack in 2021 killed dozens of civilians in a nearby town. TotalEnergies... 22.01.2025, Sputnik Africa
2025-01-22T17:13+0100
2025-01-22T17:13+0100
2025-01-22T17:27+0100
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France's TotalEnergies has announced another delay to its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns in the restive Cabo Delgado province, the Financial Times said on Wednesday.The project, initially halted in 2021 due to an Islamist insurgency, now faces additional setbacks after violence erupted following October's disputed presidential election, the report read.The company told the Financial Times that plans to restart operations by the end of 2024 have been pushed back, jeopardizing its goal of beginning production by 2029.TotalEnergies emphasized that it requires "public services" and "normal life" to return to the region before work can continue. Cabo Delgado has been plagued by insurgent violence, with militants linked to Daesh* disrupting local communities and deterring foreign investments.*Daesh (also known as ISIS/ISIL/IS) is a terrorist organization outlawed in Russia and many other states
https://en.sputniknews.africa/20240831/french-totalenergies-reportedly-exits-africa-with-sale-of-two-oil-fields-to-nigerian-company-1068085526.html
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mozambique, france, liquefied natural gas (lng), east africa
mozambique, france, liquefied natural gas (lng), east africa
TotalEnergies Further Postpones Its $20 Bln LNG Project in Mozambique, Report Says
17:13 22.01.2025 (Updated: 17:27 22.01.2025) Christina Glazkova
Writer / Editor
The LNG site was shut down under a force majeure declaration after an insurgent attack in 2021 killed dozens of civilians in a nearby town. TotalEnergies withdrew its staff from the site, and work has not resumed since.
France's TotalEnergies has announced another delay to its $20 billion liquefied natural gas (LNG) project in
Mozambique, citing ongoing security concerns in the restive Cabo Delgado province, the Financial Times said on Wednesday.
The project, initially halted in 2021 due to an Islamist insurgency, now faces additional setbacks after violence erupted following October's disputed
presidential election, the report read.
The company told the Financial Times that plans to restart operations by the end of 2024 have been pushed back, jeopardizing its goal of beginning production by 2029.
"The priority is to restore peace and security in Cabo Delgado and the lifting of the force majeure," the company was quoted as saying.
TotalEnergies emphasized that it requires "public services" and "normal life" to return to the region before work can continue. Cabo Delgado has been plagued by
insurgent violence, with militants linked to Daesh* disrupting local communities and deterring foreign investments.
*Daesh (also known as ISIS/ISIL/IS) is a terrorist organization outlawed in Russia and many other states
