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TotalEnergies CEO: to meet Mozambique president to move forward with project in country
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TotalEnergies CEO: to meet Mozambique president to move forward with project in country
Oct 2, 2024 11:09 PM

PARIS, Oct 2 (Reuters) - Patrick Pouyanne, the chairman

and chief executive of TotalEnergies, said he planned

to go to Mozambique later this month to meet the country's new

president over the company's planned project in Mozambique.

"The project remains profitable, we remain committed,"

Pouyanne said on an investor presentation.

The Mozambique liquefied natural gas (LNG) project,

estimated to be worth around $20 billion, has faced delays due

to concerns over violent unrest in the region, but Pouyanne said

there had recently been "progress on security."

Mozambicans will vote in presidential and legislative

elections on Oct. 9 that are almost certain to extend the ruling

Frelimo party's half century in power, as it battles a

long-running Islamist insurgency in one of Africa's largest gas

fields.

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