Mozambique energy minister optimistic on TotalEnergies' plan to resume LNG project

TOKYO, June 20 (Reuters) - Mozambique's energy minister said on Friday the government has not received a request from TotalEnergies (TTEF.PA), opens new tab to lift a force majeure declaration on its $20-billion liquefied natural gas (LNG) project there, but he is optimistic about the oil major's plan to resume its development this summer.
The force majeure will be lifted as soon as the project's operator determines conditions are in place to resume operations, Minister of Mineral Resources and Energy Estevao Pale told reporters in Tokyo, after meeting with Japan's industry minister, Muto Yoji.
"We, as government, are doing everything that we can to be able to resume the project," Pale said.
"We are working together with all partners on the project to create the security conditions favourable to restart the project," he said, adding that security conditions have improved considerably.
TotalEnergies Chief Executive Patrick Pouyanne had said at an energy conference in Tokyo on Wednesday that he expects the project to resume development "this summer".
Covered by force majeure since 2021 following insurgent attacks, the Mozambique LNG project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant.
The plant will have an annual capacity of 13.12 million metric tons.
French oil and gas giant TotalEnergies is the project's operator with a stake of 26.5%, followed by Mitsui & Co (8031.T), opens new tab with 20%. Mozambique's state-owned ENH has 15%, and Indian state companies and Thailand's PTTEP (PTTEP.BK), opens new tab own the rest.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Reuters

6 hours ago

• Reuters

UK's Unite says TotalEnergies offshore workers win boost to pay

June 20 (Reuters) - UK's Unite union on Friday said that offshore workers employed by TotalEnergies ( opens new tab had overwhelmingly backed a new pay deal negotiated by Unite. "Around 50 Unite members based on the Elgin Franklin and North Alwyn platforms agreed to an enhanced offer which amounts to a 2.25 per cent increase in basic pay alongside a five per cent increase in the offshore allowance," the union added.

Reuters

6 hours ago

• Reuters

JERA, Woodside Energy agree on supply deal during winter months

TOKYO, June 20 (Reuters) - Japan's biggest power generator, JERA, and Australia's Woodside Energy ( opens new tab have signed a deal for Woodside to supply JERA with liquefied natural gas during the winter months, the companies said on Friday. The Heads of Agreement was signed at the LNG Producer-Consumer Conference held in Tokyo. Under the deal, Woodside will supply about 200,000 metric tons of LNG annually during the December to February period, starting in fiscal year 2027, according to a JERA spokesperson. JERA, jointly owned by Tokyo Electric Power (9501.T), opens new tab and Chubu Electric Power (9502.T), opens new tab, is Japan's largest LNG buyer.

Reuters

6 hours ago

• Reuters

Petronas to deliver its first LNG Canada cargo to Japan's Toho Gas in July

TOKYO, June 20 (Reuters) - An executive from Malaysian state energy firm Petroliam Nasional said on Friday that the first cargo from its portion of supply from the LNG Canada project will be delivered to its customer, Japanese city gas provider Toho Gas, in July. Speaking at an energy conference in Tokyo, Shamsairi Ibrahim, Petronas' vice president of LNG marketing and trading, also said that the company's third floating LNG project is set to commence production in 2027.