TotalEnergies to Seek Mozambique Approval to Resume $20B LNG Project

TotalEnergies plans to request Mozambique’s approval to lift the force majeure on its $20 billion liquefied natural gas (LNG) project and restart construction by mid-2025, according to Reuters.

The project has been under force majeure since 2021 following insurgent attacks in the Cabo Delgado region. It involves the development of the Golfinho and Atum gas fields in the Offshore Area 1 block and the construction of a two-train liquefaction plant with a capacity of 13.12 million tons per year.

TotalEnergies holds a 26.5% operating stake in the project. Other stakeholders include Japan’s Mitsui & Co (20%), Mozambique’s state-owned ENH (15%), along with Indian public firms and Thailand’s PTTEP.

“The security situation has improved,” said Patrick Pouyanne, CEO, TotalEnergies. “It will be up to the government of Mozambique to approve lifting of this force majeure.”