Mozambique representative addresses the UN on the revival of the $20 billion gas project with TotalEnergies.
Mozambique and French energy giant TotalEnergies are set to relaunch a massive $20 billion liquefied natural gas project, nearly five years after it was halted by a deadly Islamist insurgency. The official restart, marked by a ceremony attended by the nation’s president and Total’s CEO, signals renewed confidence in the security situation, bolstered by Rwandan troops deployed around the site in Cabo Delgado. This ambitious venture aims to produce 13 million tons of LNG annually, potentially transforming Mozambique into a major gas exporter by 2029. However, significant challenges persist, including lingering insecurity and a substantial $4.5 billion cost overrun requested by the consortium. While the project promises economic revival, its path forward remains a high-stakes endeavor balancing immense opportunity against enduring risks.
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