TotalEnergies is preparing to seek approval from the Mozambican government to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to a report by Reuters.
The project, which has been on hold since 2021 due to insurgent violence in the Cabo Delgado region, includes the development of the Golfinho and Atum gas fields in Offshore Area 1, along with the construction of a two-train liquefaction plant designed to produce 13.12 million tonnes of LNG per year.
TotalEnergies holds a 26.5% operating stake in the project. Other key stakeholders include Japan’s Mitsui & Co (20%), Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) with 15%, as well as Indian public sector companies and Thailand’s PTTEP.
“The security situation has improved,” said TotalEnergies CEO Patrick Pouyanné. “It will be up to the government of Mozambique to approve the lifting of this force majeure.”
If approved, the restart of this major project would mark a significant step forward in Mozambique’s ambitions to become a key player in the global LNG market.
