TotalEnergies is preparing to request Mozambique’s approval to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to Reuters.
The project has been suspended since 2021 due to insurgent attacks in the Cabo Delgado region. It involves the development of the Golfinho and Atum gas fields in the Offshore Area 1 block, along with the construction of a two-train liquefaction plant with an annual capacity of 13.12 million tons.
TotalEnergies holds a 26.5% operating stake in the project. Other partners include Japan’s Mitsui & Co (20%), Mozambique’s state-owned ENH (15%), as well as Indian public sector companies and Thailand’s PTTEP.
“The security situation has improved,” said Patrick Pouyanné, CEO of TotalEnergies. “It will be up to the government of Mozambique to approve the lifting of the force majeure.”
