Mozambique may contest TotalEnergies' LNG proposal

Daniel Chapo, the President of Mozambique, said that the government could have counter arguments to TotalEnergies' updated budget and schedule for the LNG project in Southern Africa.

French oil major informed Mozambique’s president that Mozambique LNG estimated costs have risen $4.5 billion over the past four years, as a result of an islamist militant attack scheduled for 2021.

TotalEnergies, along with its partners, wants to extend the period of development and production by 10 years.

Chapo stated that he would have to sit and examine the details of this proposal. He also said there could be counter arguments from the government.

Chapo, Chapo's spokesperson, shared a recording of his remarks at a recent press conference.

(source: Reuters)