TotalEnergies Greenlights $20-Bn Mozambique Gas Project Restart

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Major LNG Project in Mozambique to Resume After Suspension

France's TotalEnergies announced on Saturday that the consortium it leads to develop a $20-billion liquefied natural gas (LNG) project in Mozambique has decided to lift the suspension imposed in 2021 due to jihadist violence. The company stated that the "force majeure" halt on the Mozambique LNG project would be lifted, but emphasized that approval from the Mozambican government is required before any work can resume.

TotalEnergies confirmed the decision in a statement, noting that Mozambican President Daniel Chapo had been informed of the move on Friday. This announcement aligns with a previous report by local outlet Zitmar, which highlighted the potential restart of the project.

The Mozambique LNG project is considered the largest private investment in Africa’s energy infrastructure. It is expected to create thousands of jobs and position the country as one of the world’s leading LNG exporters. However, construction was halted after a deadly attack on the project site near the Tanzanian border in March 2021, which resulted in approximately 800 deaths.

While no large-scale attacks have occurred since then, the jihadist insurgency in the region remains active. According to the United Nations, there have been around 633 attacks against civilians this year alone. Despite this, the decision to resume the project reflects confidence in the stability of the area and the potential economic benefits it could bring.

Chapo, who was on a visit to the United States on Saturday, was scheduled to meet with ExxonMobil, a major U.S. oil and gas company. ExxonMobil is currently considering a different gas project in Mozambique, and its decision on the Rovama LNG project is reportedly linked to TotalEnergies' move to lift the suspension.

TotalEnergies holds a 26.5% stake in the Mozambique LNG consortium, making it the lead partner in the initiative. The consortium has previously stated that it could begin delivering the first LNG shipments four years after the project officially starts.

Mozambique is estimated to have over five trillion cubic meters of gas, according to the African Development Bank in 2018. This vast resource is enough to supply countries such as Britain, France, Germany, and Italy for 20 years. The successful development of the LNG project could significantly boost the nation's economy and global energy markets.

Key Details About the Project

  • Project Overview: The Mozambique LNG project is the largest private investment in Africa’s energy infrastructure, with an estimated cost of $20 billion.
  • Economic Impact: Expected to generate thousands of jobs and make Mozambique one of the top LNG exporters globally.
  • Suspension History: Work was halted in 2021 following a deadly attack on the project site, which led to around 800 deaths.
  • Current Status: The suspension has now been lifted, pending government approval for resuming operations.
  • Partnership Structure: TotalEnergies holds a 26.5% stake in the project, with other partners contributing to the development.
  • Timeline: If approved, the project could start delivering LNG four years after the official commencement.

Future Prospects and Challenges

Despite the lifting of the suspension, the project still faces challenges, including ongoing security concerns and the need for continued government support. The involvement of international companies like ExxonMobil adds another layer of complexity, as their decisions could influence the overall success of the project.

The potential for significant economic growth and energy exports makes the Mozambique LNG project a critical initiative for the country’s future. However, ensuring long-term stability and safety will remain essential for its continued progress.

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