TotalEnergies is ready to resume construction of an LNG plant in Mozambique.

TotalEnergies is ready to resume construction of a natural gas liquefaction plant in Mozambique, said TotalEnergies CEO Patrick Pouyanné, as the security situation in the country has improved slightly, making it possible to proceed with the project.

“Everything is ready, we are actually conducting a re-mobilization on the ground,” he said.

However, the project's investors and the Mozambican government still need to approve an updated development plan and budget to take into account the force majeure consequences, which remain in effect.

He expects LNG production in Mozambique to begin in 2029, as previously planned. "This is currently being assessed, and I think we will act very quickly," said P. Pouyanné.

A project to build an LNG plant in Mozambique, estimated to cost $20 billion and with a capacity of 13 million tons per year, was shelved four years ago due to attacks by militants affiliated with the Islamic State in the Cabo Delgado region. The company had hoped to restart the project by the end of 2024 to begin production in 2029, but this was disrupted by unrest following the disputed presidential elections.