Finance
TotalEnergies on track to deliver LNG in Mozambique in 2029, CEO says
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
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.
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.
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.
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)
LNG stands for liquefied natural gas, which is natural gas that has been cooled to a liquid state for ease of storage and transport.
Financial aid refers to monetary assistance provided to individuals or organizations to support their financial needs, often in the context of recovery or development.
Infrastructure investment involves funding projects that build or improve essential facilities and systems, such as transportation, utilities, and energy.
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