MAPUTO, Oct 28 (Reuters) - Mozambique's cabinet met on
Tuesday, but it did not take a position on the updated budget
and schedule for the mammoth liquefied natural gas project
TotalEnergies is leading in the country and will only
give a view later, a government spokesperson said.
The French oil major told Mozambique's president on Friday
that the Mozambique LNG consortium estimated its costs had risen
by $4.5 billion in the four years the project has been on hold
because of an Islamist militant attack in 2021.
TotalEnergies and its partners want the development and
production period extended by 10 years as partial compensation.
If the cabinet approves those new terms, the consortium will
restart construction of the project, which was previously
estimated to cost $20 billion.
"When the government's position is ready, it will be clear,"
the spokesperson told reporters after the cabinet meeting,
adding it was a priority for Mozambique to get gas projects up
and running.
The spokesperson did not say when the new budget and
schedule was expected to be discussed by cabinet.