TotalEnergies and Mozambique resume activities at $20bn Mozambique LNG project [Yahoo! Finance]
TotalEnergies SE Ordinary Shares (TTE)
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Source: Yahoo! Finance
TotalEnergies chairman and CEO Patrick Pouyanné and Mozambique President Daniel Chapo in Afungi. This move comes after the Mozambique LNG consortium decided in November 2025 to lift the force majeure declared in 2021 and resume operations. The Mozambique LNG project originated with the discovery of a large natural gas reserve off Mozambique's northern coast in 2010, culminating in a final investment decision (FID) of approximately $20bn (€16.78bn) in 2019. Mozambique LNG operates as a JV, comprising various partners, with TotalEnergies EP Mozambique Area 1 acting as the operator and holding a 26.5% stake. The Government of Mozambique has reaffirmed its commitment to collaborating with Mozambique LNG to support the project restart and manage any outcomes from the force majeure period. It also highlighted measures taken to enhance security and ongoing collaboration with Rwanda. Construction activities have recommenced at the Afungi site, engaging more than 4,000 workers, more
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