$20 Billion Mozambique LNG Project Set for Summer Restart

$20 Billion Mozambique LNG Project Set for Summer Restart

Italian energy services group Saipem expects construction of the $20-billion Mozambique LNG project to restart by the end of the summer after being under force majeure for four years, Saipem’s CEO Alessandro Puliti said on Thursday.  The $20-billion LNG export project in Mozambique led by French supermajor TotalEnergies was halted in 2021 due to a deteriorated security situation and has been under force majeure ever since.  In 2021, following Is…

TotalEnergies working on Mozambique LNG restart, CEO says

“On Mozambique, I’ll be clear, we are working, you know it’s a major project, and I would say we are working in order to ensure a very strong alignment between the government of Mozambique and the investors,” Pouyanne told analysts during the second-quarter earnings call on Thursday. “This is for me absolutely necessary before to re-engage to have a very strong alignment between the Mozambican authorities and the investors,” he said. Are you fro…

Saipem: Green light for mega LNG project in Mozambique, restarting at the end of the summer - Economic Scenarios

Italian energy services group Saipem expects construction on its $20 billion Mozambique LNG project to resume by the end of the summer after four years of force majeure, Saipem CEO Alessandro Puliti said Thursday. The $20 billion LNG export project in Mozambique, led by French supermajor TotalEnergies, was halted in 2021 due to the deteriorating security situation and has been in force majeure since then. In 2021, following Islamic militant atta…