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Spotlight | Mozambique
TotalEnergies pleads with US EXIM Bank to release promised Mozambique LNG funding

Read this article in our running story

“Cabo Delgado: a gas Eldorado and security nightmare”

Mozambique

Cabo Delgado: a gas Eldorado and security nightmare

The development of Cabo Delgado province's vast gas resources has brought with it the emergence of an armed insurgency, one that is yet to be clearly defined but is already impinging on Total and ExxonMobil's operations there. As the conflict worsens, President Filipe Nyusi has been prompted to seek foreign help. [...]

TotalEnergies CEO Patrick Pouyanné in Paris on 8 January 2024. © Luc Nobout / IP3 Presse/MaxPPP

The French major's senior management team, led by Patrick Pouyanné, is having nightmares over the financing of the two gas liquefaction trains it is having built on the Afungi Peninsula plant. Some lenders, including the US's EXIM Bank, still fear that security issues could endanger the colossal €20bn project. [...]

Published on 26.02.2024 at 04:40 GMT Reading time 3 minutes

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Energy

Read this article in our running story

“Cabo Delgado: a gas Eldorado and security nightmare”

Mozambique

Cabo Delgado: a gas Eldorado and security nightmare

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Mozambique
Arne Gibbs
Atradius
Beas Rovuma Energy Mozambique (Oil of India
BPRL Ventures Mozambique B.V. (Bharat
ENH
Exim Bank
ExxonMobil
Jean-Pierre Sbraire
Korea Eximbank
Ladislas Paszkiewicz
Mitsui
Mozambique LNG
ONGC Videsh
Patrick Pouyanne
PTTEP
Reta Jo Lewis
Serge Matesco
Southern African Development Community Mission in Mozambique
TotalEnergies

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Félix Tshisekedi, Faustin-Archange Touadéra, Patrick Pouyanné, Paul Kagame, Mohammed VI

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Subscribers only Politics, Business, Diplomacy 25.04.2024

Spotlight | Mozambique
TotalEnergies put under pressure by ExxonMobil over Mozambique LNG

The French major, which is increasingly reticent about an early lifting of force majeure at the key Mozambican gas project, is starting to raise the hackles of its American partner.

Subscribers only Energy 24.04.2024

Two Rwandans guarding the Total Mozambique LNG Project in Afungi, Cabo Delgado, Mozambique, 29 September 2022.

Rwanda
Kigali overhauls its EU diplomacy amid tensions with Belgium

Rwanda has decided to transfer responsibility for European affairs to Berlin following a diplomatic standoff with the Belgian authorities.

Subscribers only Diplomacy 19.04.2024

Mozambique
SADC special forces begin Cabo Delgado withdrawal

A first SADC military contingent has withdrawn from northern Mozambique, and the rest are due to follow suit by the end of July.

Subscribers only Defence 15.02.2024

Spotlight | Mozambique
Mozambique LNG: TotalEnergies decision on force majeure imminent

The level of activity at the huge gas project in Cabo Delgado province suggests that legal barriers to an official resumption of work there could soon be lifted. But the French major is facing reservations from financial backers.

Subscribers only Energy 22.01.2024

TotalEnergies CEO & Chairman Patrick Pouyanné in Paris on 8 January 2024.

Spotlight | Mozambique
Mozambique LNG: army chief and defence minister's differing views on lifting of 'force majeure'

An announcement from French major TotalEnergies that it is ready to restart work in the Afungi Peninsula has been expected for months but does not have unanimous support among the Mozambican authorities, particularly those responsible for the country's security forces.

Subscribers only Energy 17.10.2023

Mozambican President Filipe Nyusi, wearing military fatigues, on 24 September 2021 in Pemba, Cabo Delgado province, Mozambique, during a visit with Rwandan President Paul Kagame.

Set up email notifications for these topics

Mozambique
Arne Gibbs
Atradius
Beas Rovuma Energy Mozambique (Oil of India
BPRL Ventures Mozambique B.V. (Bharat
ENH
Exim Bank
ExxonMobil
Jean-Pierre Sbraire
Korea Eximbank
Ladislas Paszkiewicz
Mitsui
Mozambique LNG
ONGC Videsh
Patrick Pouyanne
PTTEP
Reta Jo Lewis
Serge Matesco
Southern African Development Community Mission in Mozambique
TotalEnergies

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Spotlight | Mozambique
TotalEnergies pleads with US EXIM Bank to release promised Mozambique LNG funding