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TotalEnergies Moves to Restart Work on $20 Billion Mozambique LNG, Sources Say – Oil & Gas 360
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TotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say – Oil & Gas 360
(World Oil)– Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. Firms have taken preliminary steps, including deploying resources to the project site, said two of the people, who asked not to be identified because the information is confid
Mozambique's revenues with the production and export of Liquefeito Natural Gas (GNL) increased by 21.8% in 2024, but the Government expects a drop this year and in the next year. According to data from the Medium-Term Tax Framework (CFMP), recently approved by the Government, the revenues totalled in 2024 $91.8 million, equivalent to 5.87 billion metrics (€78.1 million).
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