WGC-TotalEnergies CEO wants to lift the force majeure on Mozambique Liquefied Natural Gas project
TotalEnergies, said Chief Executive Patrick Pouyanne on Tuesday, will ask Mozambique for its approval to lift the force majeure on their $20 billion liquefied gas (LNG), project in Mozambique and resume construction before mid-summer.
The project has been covered by force majeure due to insurgent attacks since 2021. It includes the development of the Golfinho, Atum and Offshore Area 1 natural gas fields, as well as the construction of a two train liquefaction facility.
Pouyanne said on the sidelines the World Gas conference that "the security situation has improved." It will be up the Mozambique government to approve lifting this force majeure.
The plant's capacity will be 13.12 million tons per annum (tpy).
Total has a 26.5% stake, Mitsui & Co. holds 20% and Mozambique’s state-owned ENH owns 15%. The rest is owned by Indian state-owned firms and Thailand's PTTEP.
Pouyanne stated that the French energy giant is also interested in reducing capital expenditures of its LNG project from 20 to 25 percent.
The second major gas project in the impoverished nation, the 5.4-million-metric-tpy Papua LNG is a joint venture of TotalEnergies, Exxon Mobil, Santos and state-owned Kumul Petroleum. (Reporting and writing by Colleen Waye; editing by Christian Schmollinger, Clarence Fernandez).
(source: Reuters)
