Communication - Presse
TotalEnergies CEO expects force majeure to lift in Mozambique very quickly
TotalEnergies will restart its LNG project in Mozambique in 2029, CEO Patrick Pouyanné said on Monday, adding that he expected force majeure to lift in Mozambique very quickly.
Cited in a Reuters report, Pouyanne said all employees on the LNG project in Mozambique would be secured on the Afungi peninsula and that the country’s government must approve the updated project budget
“Everything is ready, in fact we are remobilizing on the ground,” TotalEnergies CEO Patrick Pouyanne told investors Monday in New York, Bloomberg reports.
He said the project’s owners and the Mozambique government still need to approve an updated development plan and budget to account for the impact of the force majeure, which remains in place.
“That is currently being assessed and we’ll move I think very quickly,” Pouyanne said, adding that Mozambique LNG operations should start in 2029.
