TotalEnergies plans to restart development of its $20 billion liquefied natural gas (LNG) project in Mozambique this summer, according to Chief Executive Patrick Pouyanné.
He made the announcement during a session at the Japan Energy Summit in Tokyo on Wednesday.
The project has been under force majeure since 2021 due to insurgent attacks in the region. It involves the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, along with the construction of a two-train liquefaction plant.
Once completed, the facility will have a production capacity of 13.12 million metric tons of LNG per year.
TotalEnergies is the operator of the project with a 26.5% stake. Other key stakeholders include Japan’s Mitsui & Co (20%), Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) with 15%, along with several Indian state-owned companies and Thailand’s PTTEP holding the remaining shares.
