TotalEnergies requests ten more years and $4.5 billion for its Mozambique project
TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.
| Countries | France, Mozambique, États-Unis |
|---|---|
| Companies | TotalEnergies, Deloitte, ExxonMobil |
| Sector | Gaz, Gaz naturel |
| Theme | Investissements & Transactions, Développement de projets, Financement |
French group TotalEnergies has officially requested a ten-year extension from the Mozambican government for its operating licence on the liquefied natural gas project located in the Cabo Delgado province, in the northeast of the country. The request also includes a claim for $4.5 billion (€4.26bn) in compensation, which the company says corresponds to the cost overruns caused by the project’s suspension since 2021.
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