Finance
TotalEnergies CEO expects to restart Mozambique LNG project this summer
Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
TotalEnergies plans to resume its Mozambique LNG project this summer, focusing on the Golfinho and Atum fields after a force majeure halt.
TOKYO (Reuters) -TotalEnergies expects its $20-billion Mozambique liquefied natural gas (LNG) project to resume development "this summer", Chief Executive Patrick Pouyanne said on Wednesday.
He was asked about the timing during a session at the Japan Energy Summit in Tokyo.
Covered by force majeure since 2021, following insurgent attacks, the project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant.
The project will have a capacity of 13.12 million metric tons per annum.
TotalEnergies is the project's operator with a stake of 26.5%, followed by Mitsui & Co with 20%, while Mozambique's state-owned ENH has 15%. Indian state firms and Thailand's PTTEP own the rest.
(Reporting by Yuka Obayashi and Kathleen Benoza; Editing by Sonali Paul)
TotalEnergies expects the Mozambique LNG project to resume development this summer after being under force majeure since 2021.
The project was halted due to insurgent attacks that led to its declaration of force majeure in 2021.
The project will have a capacity of 13.12 million metric tons per annum.
TotalEnergies is the operator with a 26.5% stake, followed by Mitsui & Co with 20%, and Mozambique's state-owned ENH with 15%.
The announcement was made during a session at the Japan Energy Summit in Tokyo.
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