Will Mozambique liquefied natural gas project be restarted?

Japan's Mitsui & Co is collaborating with TotalEnergies and the Mozambique government to finalise plans for restarting construction of the $20 billion Mozambique liquefied natural gas (LNG) project, CEO Kenichi Hori said on Thursday.

Will French major reopen Mozambique LNG mega-complex in Cabo Delgado?

The French major is discreetly preparing to resume developing the Mozambique LNG mega-complex in the troubled Cabo Delgado province. TotalEnergies ' general manager in Mozambique is working to have the force majeure declared two years ago by the French major on the Mozambique LNG project lifted as early as possible.

Why is Aiteo moving into Mozambique?

With reserves surpassing 100 trillion cubic feet, the country has become a magnet for global oil giants such as Total, ENI, and ExxonMobil, all engaged in major projects to extract and export liquefied natural gas. Aiteo's move into Mozambique's promising gas sector is a notable step in its broader African expansion strategy.

Is Mozambique under force majeure?

Work was halted in December 2020 for security reasons, and the project was officially declared under force majeure the following April. But the authorities in Mozambique, whose President Filipe Nyusi is from Cabo Delgado province, are beginning to send out the message that the force majeure has gone on long enough.

Will Mozambique restructure a $900-million Eurobond?

The resumption of the project may be crucial in helping Mozambique avoid having to restructure a $900-million eurobond on which the government is in 2028 due to begin repayments. The IMF sees production starting in 2027, according to the report.

Where are Mozambique's LNG liquefaction trains being built?

Those officials included its vice-president in charge of exploration, Inocência Maculuve. Rabilloud then travelled to Afungi in mid-April. This peninsula in Cabo Delgado province is where Mozambique LNG's two 13m tonne liquefaction trains are to be built.