UK withdraws $1.15bn funding from TotalEnergies gas project in Mozambique
The UK government has ended its financial support for TotalEnergies’ liquefied natural gas project in Mozambique, citing increased risks and a lack of national interest in continuing its involvement.
| Sector | Gaz, Gaz naturel |
|---|---|
| Theme | Investissements & Transactions, Financement, Développement de projets |
The United Kingdom has officially withdrawn its financial support from a TotalEnergies gas project in Mozambique, which is expected to resume operations in 2029 after more than four years of suspension. The disengagement, announced by Trade Secretary Peter Kyle, concerned potential funding of up to $1.15bn. Authorities now consider the project too risky under current conditions.
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