Mozambique: Altona Rare Earths discovers high-grade fluorspar at Monte Guambe project
Photo: Nikkei Asia
Construction of TotalEnergies’ liquefied natural gas (LNG) project in Mozambique is expected to resume by September, with production expected to start between 2029 and 2030, the president of the African country said in an interview last week with the Japanese newspaper “Nikkei”.
The $20 billion plan, which also involves Mitsui & Co., was suspended in 2021 after an attack by Islamist militants.
TotalEnergies has requested security guarantees, which are now being consolidated thanks to the support of Western and neighbouring countries.
The project, considered strategic for Asian energy security, could cover up to a fifth of Japan’s annual needs, with supplies to Jera, Tokyo Gas, and Taiwan’s CPC.
Tokyo is supporting the initiative with loans and investments through government agencies.
By the 2030s, Mozambican production could exceed 30 million tons per year, making the country the world’s fourth-largest exporter after the United States, Australia, and Qatar.
“Mozambique’s gas is not just for Mozambique, it’s for the world,” Chapo said.
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.