financetom
Business
financetom
/
Business
/
TotalEnergies further delays $20 bln Mozambique LNG project, FT reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TotalEnergies further delays $20 bln Mozambique LNG project, FT reports
Jan 21, 2025 10:36 PM

Jan 22 (Reuters) - France's TotalEnergies has

further delayed its $20 billion liquefied natural gas (LNG)

project in Mozambique, citing ongoing security concerns, the

Financial Times reported on Wednesday.

The LNG project in the restive Cabo Delgado province has

been on hold since 2021 when an Islamist insurgency threatened

the site. Dozens of civilians were killed in the attacks in a

nearby town, forcing Total to declare a force majeure and

withdraw all staff from the construction site.

The company told the FT that plans to restart the project by

the end of 2024 have slipped after violence flared following

October's disputed presidential election, putting at risk a goal

to begin production in 2029.

Daniel Chapo of the long-ruling Frelimo party took office

last week, following months of opposition protests against his

disputed election victory in which civil society groups say more

than 300 people have been killed.

TotalEnergies didn't immediately respond to a Reuters'

request for comment.

"The priority is to restore peace and security in the Cabo

Delgado and the lifting of the force majeure," TotalEnergies

told FT.

It needed "public services" and "normal life" to resume for

the project to restart, the company added.

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 >
Major US business group sues over Trump's $100,000 H-1B visa fee
Major US business group sues over Trump's $100,000 H-1B visa fee
Oct 16, 2025
(Reuters) -The largest U.S. business lobbying group filed a lawsuit on Thursday challenging President Donald Trump's $100,000 fee on new H-1B visas for highly skilled foreign workers. The lawsuit by the U.S. Chamber of Commerce, which says it represents 300,000 businesses, is the group's first against the Trump administration since the Republican president took office for a second term in...
Kezar Life Sciences Announces Regulatory Update on Zetomipzomib Program in Autoimmune Hepatitis and Plans to Explore Strategic Alternatives
Kezar Life Sciences Announces Regulatory Update on Zetomipzomib Program in Autoimmune Hepatitis and Plans to Explore Strategic Alternatives
Oct 16, 2025
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Kezar Life Sciences, Inc ( KZR ). , a clinical-stage biotechnology company developing novel small molecule therapeutics to treat unmet needs in immune-mediated diseases, today announced regulatory updates and the initiation of a process to explore a full range of strategic alternatives focused on maximizing shareholder value. The Company has retained TD Cowen to support...
INTEGRA PUBLISHES 5th ANNUAL SUSTAINABILITY REPORT
INTEGRA PUBLISHES 5th ANNUAL SUSTAINABILITY REPORT
Oct 16, 2025
TSXV: ITR; NYSE American: ITRG www.integraresources.com VANCOUVER, BC, Oct. 16, 2025 /PRNewswire/ - Integra Resources Corp. ( ITRG ) (Integra or the Company) (TSXV: ITR) is pleased to announce that it has published its 5th annual Sustainability Report (the Report), outlining Integra's strong performance over a transitional year as the Company moved into production with the acquisition of the...
Salesforce sued by authors over artificial intelligence software
Salesforce sued by authors over artificial intelligence software
Oct 16, 2025
(Reuters) -Cloud-computing firm Salesforce ( CRM ) was hit with a proposed class action lawsuit by two authors who alleged the company used thousands of books without permission to train its artificial intelligence software.  Novelists Molly Tanzer and Jennifer Gilmore said in the complaint filed on Wednesday that Salesforce ( CRM ) infringed copyrights by using their work to train...
Copyright 2023-2026 - www.financetom.com All Rights Reserved