TotalEnergies CEO says Mozambique LNG project ‘ready’ to restart

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TotalEnergies CEO says Mozambique LNG project ‘ready’ to restart

2:36 CAT | 30 Sep 2025

FILE - TotalEnergies Chief of the Board and Chief Executive Officer Patrick Pouyanne attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. [File photo: Reuters/Yves Herman]

TotalEnergies SE and its partners are poised to restart construction of a giant liquefied natural gas project in northern Mozambique as the security situation in the region has improved, the chief executive of the French energy company said.

Mozambique LNG, previously estimated to cost $20 billion, is seen as crucial to the future development of the southern African nation, which ranks among the world’s poorest. The project was halted and placed under force majeure four years ago due to Islamic State-linked militant attacks in the area.

“Everything is ready, in fact we are remobilising on the ground,” TotalEnergies CEO Patrick Pouyanne told investors Monday in New York. He said the project’s owners and the Mozambique government still need to approve an updated development plan and budget to account for the impact of the force majeure, which remains in place.

“That is currently being assessed, and we’ll move, I think, very quickly,” Pouyanne said, adding that Mozambique LNG operations should start in 2029.

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Mozambique LNG: TotalEnergies takes firm steps toward lifting ‘force majeure’

Source: Bloomberg