Latest news with #forceMajeure
The Herald
11 hours ago
- Business
- The Herald
Mozambique minister optimistic about TotalEnergies resuming LNG project
Mozambique's energy minister said on Friday the government has not received a request from TotalEnergies to lift a force majeure declaration on its $20bn (R360.71bn) 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.
Bloomberg
20-05-2025
- Business
- Bloomberg
EU Likely to Propose Quota to Ban Russia Gas Imports by End 2027
The European Union is likely to propose a quota as the mechanism to enforce a bloc-wide import ban on Russian gas by the end of 2027, which officials say should provide companies with a legal basis to terminate long-term purchase contracts. The European Commission is discussing the introduction of an import quota of zero for Russian gas, according to people with knowledge of the matter. That will allow European buyers to invoke force majeure to terminate agreements with Russian suppliers, said the people, who asked not to be identified commenting on internal talks.
