Mozambique LNG project still on track

The Mozambique government has agreed to  provide the French oil and gas company Total protection from terrorist attack, and  its LNG project is still on track for completion by 2024, its CEO Patrick Pouyanne said last week. Located in Mozambique’s northern Cabo Delgado province, the area surrounding the project was recently the subject of incursion from Islamist terrorists,  forcing Total to temporarily withdraw its personnel from the construction site.

Costing more than $25bn Total’s Mozambique LNG Project will be the biggest FDI venture in Africa to date. It is being financed by a consortium of global energy developers and operators, led by Total and including alongside Mitsui, Oil India, ONGC Videsh Limited, Bharat Petroleum and PTT Exploration. Mozambique’s national oil and gas company ENH is also a stakeholder.

Source: pumps-africa