Maputo, 21 May (AIM) – Patrick Pouyanne, the CEO of the French oil and gas company, Total Energies, which heads the Mozambique LNG Project, located on the Afungi peninsula, in Palma district, in the northern province of Cabo Delgado, has announced that the company will seek the government’s approval to lift the declaration of force majeure in order to resume its operations.
The LNG (liquefied natural gas) project, which is budgeted at around 20 billion dollars, is covered by force majeure since 2021, following a major terrorist attack against Palma town.
It was hoped that the project, known simply as “Mozambique LNG”, in which TotalEnergies holds a 26.5 percent operating stake, would make Mozambique one of the major LNG producers in the world. But the jihadist raid of 2021 brought all work on the project to a halt.
However, Pouyanne, speaking on Tuesday to the Reuters news agency on the sidelines of the World Gas Conference (WGC) in Beijing, said “since the security situation has improved, it will be up to the government of Mozambique to approve lifting of this force majeure.”
If the government does lifts the force majeure, the project may resume construction by the middle of the northern hemisphere summer.
The government also expects the UK and Netherlands to reconfirm their financial support so that the project may resume.
(AIM)
Ad/pf (232)
