Mozambique’s President, Daniel Chapo, recently met with Patrick Pouyanne, CEO of TotalEnergies, to discuss the status of the company’s delayed $20 billion liquefied natural gas (LNG) project in the southern African country.
The Mozambique LNG project, initially expected to restart construction by the end of 2024 and begin gas production by 2029, has faced setbacks.
Last week, TotalEnergies confirmed that force majeure remains in place for the project due to ongoing security concerns and pending export credit approvals.
During the meeting, Pouyanne reaffirmed TotalEnergies’ commitment to resuming the project, which has been suspended since 2021 due to security challenges in the region.
President Chapo, addressing the nation on X (formerly Twitter), emphasized that Mozambique recognizes the significance of the Cabo Delgado LNG project for the country’s economic growth.
He assured that efforts are underway to ensure the necessary stability for the successful implementation of the project, which is seen as crucial for Mozambique’s future prospects amidst ongoing post-election unrest.