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Mozambique battles to save $20-billion gas project

Mozambique battles to save $20-billion gas project

SUDIP KAR-GUPTA FRENCH energy group Total will resume construction at its liquefied natural gas project in northern Mozambique when the security situation is guaranteed, the chairman of Mozambique's National Petroleum Institute has said. Carlos Zacarias was speaking after Total declared force majeure on the $20 billion project, following an insurgent attack on the nearby coastal town of Palma. He added that Mozambican authorities were working to restore "normal security conditions" so activities at the Total site could resume very soon and that Total had not completely abandoned the project. Total declared force majeure on its $20 billion liquefied natural gas…
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Libya’s NOC lifts force majeure on oil, except where fighters remain

Libya’s NOC lifts force majeure on oil, except where fighters remain

LIBYA’S National Oil Corporation (NOC) has lifted force majeure on what it deemed secure oil ports and facilities but said the measure would remain in place for facilities where fighters remain. On Friday eastern Libyan commander Khalifa Haftar said his forces would lift their eight-month blockade of oil exports but did not say if they would leave the facilities they control. Haftar's Libyan National Army (LNA) and allied forces including mercenaries from Russia's Wagner Group hold some of Libya's largest oil fields and export ports, and the NOC had already rejected any return to operations until they left the facilities,…
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