Mozambique president discussed LNG project with TotalEnergies' CEO
CAPE TOWN, Jan 28 (Reuters) - Mozambique's President Daniel Chapo has met with Patrick Pouyanne, the chief executive of TotalEnergies TTEF.PA, to discuss the company's stalled $20 billion liquefied natural gas project in the southern African country.
Mozambique LNG, which had been slated to restart construction by the end of 2024 and begin producing gas in 2029, saw that deadline slip when the French oil major last week confirmed that force majeure had yet to be lifted on the project, due to security concerns and pending export credit approvals.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
"During the conversation, Pouyanne reaffirmed TotalEnergies' commitment to resuming the project, currently suspended since 2021, due to security challenges in the region," Chapo said in a post on X.
Chapo said Mozambique, reeling from months of post-election unrest, acknowledged the importance of the Cabo Delgado project for the country's growth prospects.
"Efforts are therefore being made to ensure the necessary stability for its implementation," Chapo said.
The two met on the sidelines of an energy summit in Tanzania.
(Reporting by Wendell Roelf, Editing by Bhargav Acharya and David Evans)