Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

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…
Read More