financetom
Business
financetom
/
Business
/
Mozambique will give position on revised budget for TotalEnergies LNG project later
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mozambique will give position on revised budget for TotalEnergies LNG project later
Oct 28, 2025 8:57 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US FDA approves Merck's RSV antibody for infants
US FDA approves Merck's RSV antibody for infants
Jun 9, 2025
(Reuters) -The U.S. Food and Drug Administration on Monday approved Merck's ( MRK ) preventive antibody shot to protect infants up to one year of age from respiratory syncytial virus during their first RSV season, the company said. The United States has seen limited supply of Sanofi and AstraZeneca's ( AZN ) antibody Beyfortus, the only preventive shot for RSV...
BRIEF-Yimutian Inc Files For US IPO
BRIEF-Yimutian Inc Files For US IPO
Jun 9, 2025
June 9 (Reuters) - YIMUTIAN INC: * YIMUTIAN INC FILES FOR US IPO * YIMUTIAN INC FILES INTEND TO APPLY TO LIST THE ADSS REPRESENTING CLASS A ORDINARY SHARES ON NASDAQ, UNDER THE SYMBOL YMT- SEC FILING * YIMUTIAN INC. SAYS US TIGER SECURITIES, INC. IS UNDERWRITER TO IPO - SEC FILING Source text: ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Tire maker Michelin to close plant in central Mexico, newspaper reports
Tire maker Michelin to close plant in central Mexico, newspaper reports
Jun 9, 2025
MEXICO CITY, June 9 (Reuters) - Tire maker Michelin is set to close a plant in the state of Queretaro in central Mexico by the end of this year, newspaper Reforma reported on Monday, citing a statement from the company's local unit. The decision was a last resort, prompted by changes in the passenger car and light truck tire market,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved