BEIJING, May 20 (Reuters) - TotalEnergies will
seek Mozambique's approval to lift a force majeure declaration
on its $20-billion liquefied natural gas (LNG) project there and
resume construction by mid-summer, Chief Executive Patrick
Pouyanne said on Tuesday.
Covered by force majeure since 2021, following insurgent
attacks, the project includes development of the Golfinho and
Atum natural gas fields in the Offshore Area 1 concession and
the building of a two-train liquefaction plant.
"The security situation has improved," Pouyanne told Reuters
on the sidelines of the World Gas conference. "It will be up to
the government of Mozambique to approve lifting of this force
majeure."
The plant will have a capacity of 13.12 million metric tons
per year (tpy).
Total is the operator with a stake of 26.5%, followed by
Mitsui & Co ( MITSF ) with 20%, while Mozambique's state-owned
ENH has 15%. Indian state firms and Thailand's PTTEP own the
rest.
In the Pacific island of Papua New Guinea, the French energy
major is also looking at reducing the capital expenditure of its
LNG project by 20% to 25%, Pouyanne said.
The second major gas project in the impoverished nation, the
5.4-million-metric-tpy Papua LNG is a joint venture of
TotalEnergies, Exxon Mobil ( XOM ), Santos and
state-owned Kumul Petroleum.