Rising costs threaten Mozambique LNG

As security improves, TotalEnergies has other concerns

TotalEnergies’ stalled Mozambique LNG project may face further delays, despite improvements to the security situation in the region. The French major halted the onshore development and declared force majeure in April 2021 following deadly attacks by insurgents. CEO Patrick Pouyanne has now expanded the criteria for the project to resume, going above and beyond his previous statements which only emphasised security. Speaking at the TotalEnergies’ annual results presentation, Pouyanne describes his recent visit to Mozambique — and the Cabo Delgado province in particular — saying “what I have seen of the security situation is good”. “If costs keep going up, we will wait” Pouyanne, TotalEn