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    Home > Finance > TotalEnergies on track to deliver LNG in Mozambique in 2029, CEO says
    Finance
    TotalEnergies on track to deliver LNG in Mozambique in 2029, CEO says

    Published by Global Banking and Finance Review

    Posted on January 29, 2026

    1 min read

    Last updated: January 29, 2026

    The image depicts the logo of Norway's Sovereign Fund, which plans to divest from Israeli companies due to the ongoing humanitarian crisis in Gaza. This decision reflects ethical investment practices and highlights the fund's significant influence in global finance.
    Norway's sovereign fund logo reflecting divestment from Israeli stocks amid Gaza conflict - Global Banking & Finance Review
    Tags:investmentinfrastructureFinancial Aid

    Quick Summary

    TotalEnergies plans to start LNG production in Mozambique by 2029, with a major project ramp-up soon. The project was relaunched after a halt due to security issues.

    Table of Contents

    • TotalEnergies LNG Project Overview
    • Project Relaunch and Financial Commitment
    • Impact of Natural Disasters on Mozambique

    TotalEnergies Aims for 2029 LNG Production in Mozambique, CEO Confirms

    TotalEnergies LNG Project Overview

    PARIS, Jan 29 (Reuters) - TotalEnergies CEO Patrick Pouyanne said on Thursday the company was on track to deliver LNG from its Mozambique project in 2029, adding there will be a massive ramp up in activity in the country in the coming months on the project.

    Project Relaunch and Financial Commitment

    Pouyanne was speaking at a ceremony in Mozambique, marking the relaunch of the French energy major's $20 billion liquefied natural gas (LNG) plant, nearly five years after it was put on hold following a deadly attack by Islamist militants.

    Impact of Natural Disasters on Mozambique

    The company would give Mozambique financial aid following the deadly floods the country has suffered earlier this year, he added.

    (Reporting by America Hernandez; Writing by Benoit Van Overstraeten; Editing by Inti Landauro and Dominique Patton)

    Key Takeaways

    • •TotalEnergies plans to deliver LNG from Mozambique by 2029.
    • •CEO Patrick Pouyanne confirms project relaunch.
    • •The project was previously halted due to security concerns.
    • •TotalEnergies commits financial aid to Mozambique post-floods.
    • •A significant increase in project activity is expected.

    Frequently Asked Questions about TotalEnergies on track to deliver LNG in Mozambique in 2029, CEO says

    1What is LNG?

    LNG stands for liquefied natural gas, which is natural gas that has been cooled to a liquid state for ease of storage and transport.

    2What is financial aid?

    Financial aid refers to monetary assistance provided to individuals or organizations to support their financial needs, often in the context of recovery or development.

    3What is infrastructure investment?

    Infrastructure investment involves funding projects that build or improve essential facilities and systems, such as transportation, utilities, and energy.

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