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TotalEnergies: the French group delays its LNG project in Mozambique

22/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Pour des problèmes de Persistent security, the French group TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique.

TotalEnergies said that plans to restart the project by the end of 2024 were abandoned after the outbreak of violence following the disputed presidential election in October, jeopardizing the goal of starting production in 2029. According to TotalEnergies, “the priority is to restore peace and security in Cabo Delgado and the lifting of force majeure.” According to the company, the resumption of “public services” and “normal life” is necessary for the project to restart. In reality, the LNG project in the restive province of Cabo Delgado has been on hold since 2021, when an Islamist insurgency

threatened the site.
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