**Mozambique’s President Optimistic About TotalEnergies Gas Project Restart**
Mozambican President Daniel Chapo has expressed optimism about concluding negotiations with TotalEnergies SE regarding the resumption of a $20 billion natural gas project that has been on hold for four years due to an Islamist militant insurgency. In a recent interview, Chapo revealed that he met with Total’s CEO Patrick Pouyanne to discuss the potential restart of the Mozambique LNG project, which could significantly impact the economy of one of the world’s poorest nations.
Chapo stated, “I was with Mr. Pouyanne two weeks ago and things are going well. In August, we will finalize our discussions on when to restart the project.” The Mozambique LNG project, located in the northeastern Cabo Delgado province, was halted in 2021 when Total declared force majeure after a surge in attacks by militants linked to the Islamic State. This violence has led to military interventions from Rwanda and neighboring countries, which have aimed to stabilize the region.
Despite the challenges, Chapo noted that the situation has improved since the height of the insurgency, although he acknowledged that it is not yet completely secure. He emphasized the importance of moving forward with the project, which is part of a broader $50 billion investment in liquefied natural gas developments in the region, including initiatives by Eni SpA and Exxon Mobil Corp.
Preparations for the resumption of operations at Total’s facility are reportedly underway, with companies involved in the construction beginning to mobilize. Additionally, Eni has awarded a contract to Samsung Heavy Industries Co. for the construction of its Coral North floating plant, complementing the already operational $7 billion Coral South facility.
The natural gas reserves discovered off Mozambique’s northeastern coast are among the largest globally, presenting a significant opportunity for economic growth and development in the region.
**FAQ**
**What is the status of the Mozambique LNG project?**
The Mozambique LNG project, valued at $20 billion, is expected to resume negotiations soon, with President Chapo optimistic about finalizing discussions with TotalEnergies in August.
